1 / 12

Understanding the Obligation of Keeping Commercial Books Under UFRS Standards

This document outlines the essential obligations for commercial enterprises regarding the maintenance and transparency of financial records in accordance with International Financial Reporting Standards (UFRS). It covers the electronic or dossier-based keeping of commercial books, which must be preserved for ten years post-procedure. It also discusses various types of commercial enterprises, including limited liability companies and partnerships, and addresses unfair competition regulations, providing essential legal context, definitions, and legal actions available for aggrieved parties.

mira
Télécharger la présentation

Understanding the Obligation of Keeping Commercial Books Under UFRS Standards

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Some Important Parts

  2. Obligation of keeping commercial books UFRS system - International Financial Reporting Standards Transparency * Registration or copy of all of the documents of commercial enterprise Keeping of commercial books electronically or as a dossier Keeping period: 10 years – as of the end of of the year of the related procedure

  3. Commercial Enterprise • Real person enterprise • Corporations • Ordinary partnership • Commercial Corporations • Personal based companies(Şahıs şirketi) • Collective Company • Ordinary Commandite Company • Capital based companies • Limited Liability Company • Joint-Stock Company • Commandate Company which capital is dividedinto shares • Co-operatives

  4. Ordinary partnershıps • Regulated in Code of Obligations NOT TCC • Two or more person • Common purpose • Labor- commodities • No legal entity

  5. PERSONAL BASED COMPANIES • Types • Collective Company • Ordinary Commondite Company • Legal person • Composition of partnership&company management

  6. Unfair Competition Regulated Article 54-63 of TCC

  7. Definition Article 54/2 of TCC • Deceptive attitute/commercial practice OR • attitute/commercial practice contrary to objective good faith BETWEEN • Competitors AND • supplier & customers • are unfair and unlawful • No need “negligence”

  8. Unfair Competition Situations-Examples • Samples can be find in Article 55/1 • The list is not restirictive • Examples: • a) Advertisement & sales methods and other unlawful attitutes contrary to objective good faith • b) To benefit others’ business products without permission • c)To disclose production and business secrets unlawfully

  9. Legal Consequences • Legal Responsibility • Declaratory Judgment Action • Case of prevention • Case related to elimination of the material situation derived from the unfair competition • Action for damages(pecuniary/non-pecuniary damages) • Publication of judgment • Period for unfair competition case --- Article 60 of TCC • One year ---- from the date of learning • In any case Three year----- from the date of birth of right

  10. PARTIES OF UNFAIR COMPETITION CASE • Who can bring an action before court ? • The aggrieved person OR • Person who are in the risk of suffering ( owner of the competitor enterprise) • Employees can not bring an action • Partners & merber of the bord of directors can not bring an action in person • Customers who suffered economically due to unfair comptetion • Professional Association& Economic Unity, Institutions that protect Consumers’ Economic Interest, public organisations

  11. Liable Person • Person who is liable due to unfair competition • Person who competes in unfair manner • If the unfair competition manner realized by the employees or workers during their work period, the person-(employer) who employed these workers/employees • If the unfair competition realized through press, editor, executive editor, programmer, chief of bill, owner of the enterprise

  12. CRIMINAL LIABILITY • Depending on the complaint of the person who has the right to bring an action--------- punishment • Example: • The person who cheats the employees, representatives or other assistants for the purpose of obtaining confidential information/business secrets • If the unfair competition offence realized by legal person • Punishment----bord members or partners who acts on behaf of the legal person

More Related