Dissolutions reasons if limited company

Limited companies become legal entities with registration, as the other commercialcompanies. As a result of this procedure, the company can only dissoluve, just because ofthe reasons that determined in Turkish Commercial Act.In Turkish Commercial Act, dissolving reasons are determined distinctly for everykind of companies, because all commercial companies have different legal quality. Dissolvingreasons, in the art 549 Commercial Act as a five paragraph for limited companies, which mayhave some characteristics of personal companies and capital companies.Dissolving reasons of limited companies: Reasons which are; reasons written in thearticle of partnership, decision of general board, bankruptcy, dissolutions with court decisionsof justified reasons and other reasons in The Act. The death of one of the partners, interdictionof one of the partners or notice of cancellation are not accepted as dissolving reasons. Butthere can be an provision in the article of partnership about this issue. These reasons acceptedin the contract may also be dissolving reasons for limited companies.