On 26 February 2026, the Istanbul Chamber of Commerce (ITO) published an important announcement concerning amendments to the articles of association of joint stock companies in their post-incorporation processes.
Requirement Not to Include Shareholding Structure in the Share Capital Article
The announcement emphasizes that changes in the shareholding structure of a joint stock company occurring after its incorporation are not subject to registration. Accordingly, when amending the share capital article of the articles of association, the text must not include information regarding the “final shareholding structure and capital distribution”. In other words, for future capital changes for joint stock companies, the names of shareholders and the specific shareholding breakdown will no longer be included in the amendment text.
Scope of Registration Regarding Privileged Shares
In scenarios where the share capital is divided into different classes of shares and certain shares are granted privileges, the scope of the amendment text has also been defined. Accordingly, the share capital article must specify only which share classes are privileged and the legal nature of such privileges. However, the names of the privileged shareholders must not be included in the relevant article of the articles of association.
For access to the full text of the announcement, please click here (available in Turkish only).