{"id":74617,"date":"2025-10-11T00:31:27","date_gmt":"2025-10-10T15:31:27","guid":{"rendered":"https:\/\/monolith.law\/tr\/?p=74617"},"modified":"2025-10-19T03:33:12","modified_gmt":"2025-10-18T18:33:12","slug":"llc-contribution-refund-japan","status":"publish","type":"post","link":"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan","title":{"rendered":"Japonya \u015eirketler Hukukunda G\u014dd\u014d Kaisha'n\u0131n Sermaye \u0130adesine \u0130li\u015fkin Detayl\u0131 A\u00e7\u0131klama"},"content":{"rendered":"\n<p>Japonya&#8217;da, Japon \u015eirketler Hukuku (Heisei (1989)) taraf\u0131ndan d\u00fczenlenen G\u014dd\u014d Kaisha (\u5408\u540c\u4f1a\u793e), hisse senedi \u015firketlerine k\u0131yasla daha esnek bir organizasyon tasar\u0131m\u0131 ve i\u015fletme imkan\u0131 sundu\u011fu i\u00e7in, \u00e7e\u015fitli i\u015fletmeler aras\u0131nda kullan\u0131m\u0131 artmaktad\u0131r. Bu esnekli\u011fin \u00f6nemli y\u00f6nlerinden biri, &#8216;sermaye iadesi&#8217; sistemidir; bu sistem, ortaklar\u0131n, yat\u0131r\u0131lan sermayenin bir k\u0131sm\u0131n\u0131 veya tamam\u0131n\u0131, pozisyonlar\u0131n\u0131 koruyarak geri talep edebilmelerine olanak tan\u0131r. Hisse senedi \u015firketlerinde, alacakl\u0131lar\u0131n korunmas\u0131 a\u00e7\u0131s\u0131ndan sermayenin s\u0131k\u0131 bir \u015fekilde korunmas\u0131n\u0131 gerektiren &#8216;sermaye koruma ilkesi&#8217; uygulan\u0131r ve hissedarlar\u0131n \u015firketten do\u011frudan yat\u0131r\u0131lan sermayenin iadesini talep etmeleri genellikle kabul edilmez. Hissedarlar, hisselerini \u00fc\u00e7\u00fcnc\u00fc \u015fah\u0131slara devrederek yat\u0131r\u0131lan sermayeyi geri al\u0131rlar. Buna kar\u015f\u0131l\u0131k, G\u014dd\u014d Kaisha&#8217;da sermaye iadesi, ortaklara sermayeyi geri kazanmalar\u0131 i\u00e7in alternatif bir yol sunar; ancak bu, s\u0131n\u0131rs\u0131z bir hak olarak tan\u0131nmaz. Bu sistem, ortaklar\u0131n \u00e7\u0131karlar\u0131n\u0131 ve \u015firket alacakl\u0131lar\u0131n\u0131n korunmas\u0131n\u0131 dengelemek i\u00e7in, Japon \u015eirketler Hukuku taraf\u0131ndan son derece kat\u0131 prosed\u00fcrel disiplin alt\u0131nda d\u00fczenlenmi\u015ftir. Bu makalede, Japon \u015eirketler Hukuku kapsam\u0131nda G\u014dd\u014d Kaisha&#8217;n\u0131n sermaye iadesine ili\u015fkin hukuki \u00e7er\u00e7eveyi, gerekliliklerini, spesifik prosed\u00fcrlerini ve prosed\u00fcre ayk\u0131r\u0131 davran\u0131lmas\u0131 durumunda yasal sorumluluklar\u0131 da i\u00e7erecek \u015fekilde, yasal maddeler temelinde detayl\u0131 bir \u015fekilde a\u00e7\u0131kl\u0131yoruz.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan\/#Japonya%E2%80%99da_Bir_Limited_Sirketteki_Sermaye_Katkisinin_Geri_Odenmesinin_Hukuki_Tanimi_ve_Onemi\" title=\"Japonya&#8217;da Bir Limited \u015eirketteki Sermaye Katk\u0131s\u0131n\u0131n Geri \u00d6denmesinin Hukuki Tan\u0131m\u0131 ve \u00d6nemi\">Japonya&#8217;da Bir Limited \u015eirketteki Sermaye Katk\u0131s\u0131n\u0131n Geri \u00d6denmesinin Hukuki Tan\u0131m\u0131 ve \u00d6nemi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan\/#Japonya%E2%80%99da_Sermaye_Iadesini_Duzenleyen_Iki_Ana_Hukuki_Gereklilik\" title=\"Japonya&#8217;da Sermaye \u0130adesini D\u00fczenleyen \u0130ki Ana Hukuki Gereklilik\">Japonya&#8217;da Sermaye \u0130adesini D\u00fczenleyen \u0130ki Ana Hukuki Gereklilik<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan\/#Birinci_Gereklilik_Ana_Sozlesme_Degisikligi_ile_Sermaye_Miktarinin_Azaltilmasi\" title=\"Birinci Gereklilik: Ana S\u00f6zle\u015fme De\u011fi\u015fikli\u011fi ile Sermaye Miktar\u0131n\u0131n Azalt\u0131lmas\u0131\">Birinci Gereklilik: Ana S\u00f6zle\u015fme De\u011fi\u015fikli\u011fi ile Sermaye Miktar\u0131n\u0131n Azalt\u0131lmas\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan\/#Ikinci_Gereklilik_Finans_Kaynaklarina_Iliskin_Duzenlemeler_ve_Karsilikli_Fonlarin_Sinirlanmasi\" title=\"\u0130kinci Gereklilik: Finans Kaynaklar\u0131na \u0130li\u015fkin D\u00fczenlemeler ve Kar\u015f\u0131l\u0131kl\u0131 Fonlar\u0131n S\u0131n\u0131rlanmas\u0131\">\u0130kinci Gereklilik: Finans Kaynaklar\u0131na \u0130li\u015fkin D\u00fczenlemeler ve Kar\u015f\u0131l\u0131kl\u0131 Fonlar\u0131n S\u0131n\u0131rlanmas\u0131<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan\/#Japonya%E2%80%99da_Sermaye_Azaltma_Islemleri\" title=\"Japonya&#8217;da Sermaye Azaltma \u0130\u015flemleri\">Japonya&#8217;da Sermaye Azaltma \u0130\u015flemleri<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan\/#Sermaye_Azaltma_Karari\" title=\"Sermaye Azaltma Karar\u0131\">Sermaye Azaltma Karar\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan\/#Resmi_Gazete_Ilani\" title=\"Resmi Gazete \u0130lan\u0131\">Resmi Gazete \u0130lan\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan\/#Bireysel_Ihtar\" title=\"Bireysel \u0130htar\">Bireysel \u0130htar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan\/#Alacaklilarin_Itiraz_Basvurusu\" title=\"Alacakl\u0131lar\u0131n \u0130tiraz Ba\u015fvurusu\">Alacakl\u0131lar\u0131n \u0130tiraz Ba\u015fvurusu<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan\/#Sermaye_Azaltmanin_Etkisinin_Baslamasi\" title=\"Sermaye Azaltman\u0131n Etkisinin Ba\u015flamas\u0131\">Sermaye Azaltman\u0131n Etkisinin Ba\u015flamas\u0131<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan\/#Japonya%E2%80%99da_Kabushiki_Kaisha_ve_Godo_Kaisha%E2%80%99nin_Sermaye_Sistemlerinin_Karsilastirilmasi\" title=\"Japonya&#8217;da Kabushiki Kaisha ve G\u014dd\u014d Kaisha&#8217;n\u0131n Sermaye Sistemlerinin Kar\u015f\u0131la\u015ft\u0131r\u0131lmas\u0131\">Japonya&#8217;da Kabushiki Kaisha ve G\u014dd\u014d Kaisha&#8217;n\u0131n Sermaye Sistemlerinin Kar\u015f\u0131la\u015ft\u0131r\u0131lmas\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan\/#Islemlerdeki_Usulsuzluklerin_Hukuki_Sonuclari_Icra_Yetkilisi_Calisanlarin_Sorumlulugu\" title=\"\u0130\u015flemlerdeki Usuls\u00fczl\u00fcklerin Hukuki Sonu\u00e7lar\u0131: \u0130cra Yetkilisi \u00c7al\u0131\u015fanlar\u0131n Sorumlulu\u011fu\">\u0130\u015flemlerdeki Usuls\u00fczl\u00fcklerin Hukuki Sonu\u00e7lar\u0131: \u0130cra Yetkilisi \u00c7al\u0131\u015fanlar\u0131n Sorumlulu\u011fu<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/llc-contribution-refund-japan\/#Ozet\" title=\"\u00d6zet\">\u00d6zet<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Japonya%E2%80%99da_Bir_Limited_Sirketteki_Sermaye_Katkisinin_Geri_Odenmesinin_Hukuki_Tanimi_ve_Onemi\"><\/span>Japonya&#8217;da Bir Limited \u015eirketteki Sermaye Katk\u0131s\u0131n\u0131n Geri \u00d6denmesinin Hukuki Tan\u0131m\u0131 ve \u00d6nemi<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Japon \u015eirketler Kanunu&#8217;nun (Heisei (1989)) 624. maddesinin 1. f\u0131kras\u0131, bir yat\u0131r\u0131mc\u0131n\u0131n \u015firkete kar\u015f\u0131, daha \u00f6nce yapt\u0131\u011f\u0131 sermaye katk\u0131s\u0131n\u0131n geri \u00f6denmesini talep edebilece\u011fini belirtir. Bu &#8220;sermaye katk\u0131s\u0131n\u0131n geri \u00f6denmesi&#8221;, bir limited \u015firketin orta\u011f\u0131n\u0131n, ortak olarak stat\u00fcs\u00fcn\u00fc kaybetmeden, ge\u00e7mi\u015fte yapt\u0131\u011f\u0131 nakit veya di\u011fer varl\u0131klar\u0131n tamam\u0131n\u0131n veya bir k\u0131sm\u0131n\u0131n \u015firketten geri al\u0131nmas\u0131n\u0131 istemesi eylemini ifade eder. Bu, bir orta\u011f\u0131n \u015firketten ayr\u0131ld\u0131\u011f\u0131 (istifa etti\u011fi) zaman, sahip oldu\u011fu pay\u0131n tam de\u011ferinin geri \u00f6denmesini almas\u0131n\u0131 ifade eden &#8220;istifa ile ilgili pay\u0131n geri \u00f6denmesi&#8221; (Japon \u015eirketler Kanunu&#8217;nun 611. maddesi) kavram\u0131ndan net bir \u015fekilde ayr\u0131lan bir konsepttir.<\/p>\n\n\n\n<p>Sermaye katk\u0131s\u0131n\u0131n geri \u00f6denmesi i\u00e7in kaynak, ortaklar\u0131n yat\u0131rd\u0131\u011f\u0131 sermayenin kendisidir ve \u015firketin k\u00e2r\u0131ndan da\u011f\u0131t\u0131lan temett\u00fclerden farkl\u0131d\u0131r. \u00d6zellikle, \u015firketin bilan\u00e7osunda yer alan sermaye veya sermaye yedekleri hesab\u0131ndan \u00f6denir. Bu sistemin var olma sebebi, limited \u015firketin paylar\u0131n\u0131n do\u011fas\u0131na derinden ba\u011fl\u0131d\u0131r. Bir anonim \u015firketin hisselerinin aksine, limited \u015firketin paylar\u0131 genellikle piyasada i\u015flem g\u00f6rmemekte ve bu paylar\u0131n devri di\u011fer ortaklar\u0131n onay\u0131n\u0131 gerektirmekte gibi, likiditesi olduk\u00e7a d\u00fc\u015f\u00fck bir \u00f6zellik ta\u015f\u0131maktad\u0131r. Bu nedenle, bir hissedar\u0131n hisse senedi piyasas\u0131nda hisselerini satarak yat\u0131r\u0131m\u0131n\u0131 geri almas\u0131 gibi bir \u00e7\u0131k\u0131\u015f stratejisini, limited \u015firket ortaklar\u0131 kolayl\u0131kla uygulayamaz. Sermaye katk\u0131s\u0131n\u0131n geri \u00f6denmesi sistemi, bu t\u00fcr kapal\u0131 ve ki\u015fisel ili\u015fkilere dayanan limited \u015firketlerde, ortaklara yat\u0131r\u0131mlar\u0131n\u0131 geri alma f\u0131rsat\u0131n\u0131 hukuki olarak garanti eden \u00f6nemli bir mekanizma olarak i\u015flev g\u00f6rmektedir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Japonya%E2%80%99da_Sermaye_Iadesini_Duzenleyen_Iki_Ana_Hukuki_Gereklilik\"><\/span>Japonya&#8217;da Sermaye \u0130adesini D\u00fczenleyen \u0130ki Ana Hukuki Gereklilik<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sermaye iadesi, hem \u015firket ortaklar\u0131n\u0131n bir hakk\u0131 olmakla birlikte hem de \u015firketin mali temelini azaltan bir i\u015flem oldu\u011fundan, \u015firket alacakl\u0131lar\u0131n\u0131n \u00e7\u0131karlar\u0131n\u0131 koruma ihtiyac\u0131 do\u011far. Bu nedenle, Japon \u015firketler hukuku, sermaye iadesinin ger\u00e7ekle\u015ftirilmesi i\u00e7in iki kat\u0131 hukuki gereklilik getirmi\u015ftir.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Birinci_Gereklilik_Ana_Sozlesme_Degisikligi_ile_Sermaye_Miktarinin_Azaltilmasi\"><\/span>Birinci Gereklilik: Ana S\u00f6zle\u015fme De\u011fi\u015fikli\u011fi ile Sermaye Miktar\u0131n\u0131n Azalt\u0131lmas\u0131<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u00d6ncelikle, en \u00f6nemli \u00f6n ko\u015ful olarak, Japon \u015firketler hukukunun 632. maddesinin birinci f\u0131kras\u0131, bir kumpanyan\u0131n ortaklar\u0131n\u0131n, ana s\u00f6zle\u015fmeyi de\u011fi\u015ftirerek bu ortaklar\u0131n sermaye miktar\u0131n\u0131 azaltmad\u0131k\u00e7a, sermaye iadesi talep edemeyece\u011fini h\u00fckme ba\u011flam\u0131\u015ft\u0131r. Bu, sermaye iadesinin sadece ortaklar ile \u015firket aras\u0131nda bir para al\u0131\u015fveri\u015fi olmaktan \u00f6te, \u015firketin temel kurallar\u0131n\u0131 olu\u015fturan ana s\u00f6zle\u015fmenin de\u011fi\u015fikli\u011fini gerektiren resmi bir organizasyonel i\u015flem oldu\u011fu anlam\u0131na gelir.<\/p>\n\n\n\n<p>Japon \u015firketler hukukunun 637. maddesine g\u00f6re, bir kumpanyan\u0131n ana s\u00f6zle\u015fme de\u011fi\u015fikli\u011fi, esas olarak t\u00fcm ortaklar\u0131n onay\u0131n\u0131 gerektirir. Ancak, ana s\u00f6zle\u015fmede ayr\u0131 bir d\u00fczenleme yaparak bu gereklili\u011fi hafifletmek de m\u00fcmk\u00fcnd\u00fcr. Bu temel t\u00fcm ortaklar\u0131n onay gereklili\u011fi, sermaye iadesi i\u015flemine \u00f6nemli bir y\u00f6neti\u015fim anlam\u0131 kazand\u0131r\u0131r. Bir ortak sermaye iadesi istese bile, di\u011fer t\u00fcm ortaklar onaylamad\u0131k\u00e7a, bu de\u011fi\u015fikli\u011fin \u00f6n ko\u015fulu olan ana s\u00f6zle\u015fme de\u011fi\u015fikli\u011fi ger\u00e7ekle\u015ftirilemez; b\u00f6ylece, her ortak di\u011fer ortaklar\u0131n sermaye \u00e7ekmesine kar\u015f\u0131 veto hakk\u0131na sahip olur. Bu mekanizma, baz\u0131 ortaklar\u0131n tek tarafl\u0131 olarak \u015firketin sermaye yap\u0131s\u0131n\u0131 de\u011fi\u015ftirmesini ve \u00f6zellikle az\u0131nl\u0131k ortaklar\u0131n \u00e7\u0131karlar\u0131n\u0131 zarar g\u00f6rmesini engelleyen g\u00fc\u00e7l\u00fc bir koruma \u00f6nlemi olarak i\u015flev g\u00f6r\u00fcr.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ikinci_Gereklilik_Finans_Kaynaklarina_Iliskin_Duzenlemeler_ve_Karsilikli_Fonlarin_Sinirlanmasi\"><\/span>\u0130kinci Gereklilik: Finans Kaynaklar\u0131na \u0130li\u015fkin D\u00fczenlemeler ve Kar\u015f\u0131l\u0131kl\u0131 Fonlar\u0131n S\u0131n\u0131rlanmas\u0131<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u0130kinci olarak, ana s\u00f6zle\u015fme de\u011fi\u015fikli\u011fi gibi prosed\u00fcrel bir gereklili\u011fi yerine getirdikten sonra, iade edilebilecek miktar, \u015firketin mali durumuna dayal\u0131 olarak kat\u0131 bir \u00fcst s\u0131n\u0131r ile s\u0131n\u0131rlanm\u0131\u015ft\u0131r. Japon \u015firketler hukukunun 632. maddesinin ikinci f\u0131kras\u0131, sermaye iadesi yoluyla ortaklara da\u011f\u0131t\u0131lacak olan nakit veya di\u011fer varl\u0131klar\u0131n defter de\u011ferinin (sermaye iade miktar\u0131), a\u015fa\u011f\u0131daki iki miktar\u0131n hangisi daha az ise o miktar\u0131 a\u015famayaca\u011f\u0131n\u0131 belirtir:<\/p>\n\n\n\n<ol start=\"1\">\n<li>Sermaye iadesi talep edilen tarihte \u015firketin kar\u015f\u0131l\u0131kl\u0131 fon miktar\u0131<\/li>\n\n\n\n<li>Ana s\u00f6zle\u015fme de\u011fi\u015fikli\u011fi ile azalt\u0131lan ilgili orta\u011f\u0131n sermaye miktar\u0131<\/li>\n<\/ol>\n\n\n\n<p>Burada bahsedilen &#8220;kar\u015f\u0131l\u0131kl\u0131 fon miktar\u0131&#8221;, basit bir &#8220;sermaye kar\u015f\u0131l\u0131klar\u0131 + kar kar\u015f\u0131l\u0131klar\u0131&#8221; de\u011fil, \u015firket hesap kurallar\u0131 taraf\u0131ndan belirlenen bir y\u00f6ntemle hesaplanan miktar\u0131 ifade eder (\u015eirketler Hukuku 632. madde 2. f\u0131kra). Bu \u00e7ift s\u0131n\u0131rlama, alacakl\u0131 korumas\u0131n\u0131 ve ortaklar aras\u0131 adil bir dengeyi sa\u011flamak i\u00e7in temel d\u00fczenlemelerdir. Kar\u015f\u0131l\u0131kl\u0131 fon miktar\u0131n\u0131 \u00fcst s\u0131n\u0131r olarak belirlemek, iade i\u015flemiyle \u015firketin net varl\u0131klar\u0131n\u0131n sermaye miktar\u0131n\u0131n alt\u0131na d\u00fc\u015fmesini (s\u00f6zde sermaye yetersizli\u011fi) \u00f6nlemek ve \u015firketin mali temelini koruyarak t\u00fcm \u015firket alacakl\u0131lar\u0131n\u0131 koruma amac\u0131na hizmet eder. \u00d6te yandan, ana s\u00f6zle\u015fmede belirlenen sermaye miktar\u0131n\u0131n azalma miktar\u0131n\u0131 \u00fcst s\u0131n\u0131r olarak belirlemek, mali i\u015flem olan iade i\u015fleminin, organizasyonel i\u015flem olan ana s\u00f6zle\u015fme de\u011fi\u015fikli\u011fiyle do\u011fru bir \u015fekilde e\u015fle\u015fmesini garanti eder ve belirli bir orta\u011fa, ana s\u00f6zle\u015fmede bir temel olmaks\u0131z\u0131n varl\u0131klar\u0131n ak\u0131\u015f\u0131n\u0131 \u00f6nler.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Japonya%E2%80%99da_Sermaye_Azaltma_Islemleri\"><\/span>Japonya&#8217;da Sermaye Azaltma \u0130\u015flemleri<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sermaye_Azaltma_Karari\"><\/span>Sermaye Azaltma Karar\u0131<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u00d6denmi\u015f sermayenin, muhasebe kay\u0131tlar\u0131nda &#8220;sermaye&#8221; olarak yer ald\u0131\u011f\u0131 durumlarda, i\u015flemler daha karma\u015f\u0131k bir hal al\u0131r. Bu durumda, sermayenin geri \u00f6denmesi, Japon \u015eirketler Kanunu&#8217;nun 626. maddesine g\u00f6re &#8220;sermayenin azalt\u0131lmas\u0131&#8221; (sermaye azaltma) i\u015flemi gerektirir. Japon kumpanyalar\u0131n\u0131n sermaye azaltma i\u015flemleri, alacakl\u0131lar\u0131n korunmas\u0131n\u0131 en \u00f6ncelikli konu olarak ele al\u0131r ve a\u015fa\u011f\u0131daki kat\u0131 ad\u0131mlar\u0131 takip etmek zorundad\u0131r.<\/p>\n\n\n\n<p>\u00d6ncelikle, sermaye azaltma karar\u0131, ana s\u00f6zle\u015fmede aksi belirtilmedik\u00e7e, i\u015fleri y\u00fcr\u00fcten ortaklar\u0131n \u00e7o\u011funlu\u011funun onay\u0131 ile ger\u00e7ekle\u015ftirilir.<\/p>\n\n\n\n<p>Ard\u0131ndan, en \u00f6nemli ve zaman al\u0131c\u0131 i\u015flem, Japon \u015eirketler Kanunu&#8217;nun 627. maddesinde belirlenen &#8220;alacakl\u0131lar\u0131n korunmas\u0131 prosed\u00fcr\u00fc&#8221;d\u00fcr. Bu prosed\u00fcr, \u015firketin sermayesi ve dolay\u0131s\u0131yla alacakl\u0131lar i\u00e7in son g\u00fcvence olan sermayenin azalmas\u0131 durumunda, alacakl\u0131lara itiraz etme f\u0131rsat\u0131 sunmak i\u00e7in tasarlanm\u0131\u015ft\u0131r. \u015eirket, a\u015fa\u011f\u0131daki \u00f6nlemleri almak zorundad\u0131r.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Resmi_Gazete_Ilani\"><\/span>Resmi Gazete \u0130lan\u0131<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u015eirket, Japon Resmi Gazetesinde, sermayenin azalt\u0131laca\u011f\u0131n\u0131 ve alacakl\u0131lar\u0131n belirli bir s\u00fcre i\u00e7inde itiraz edebileceklerini duyurmak zorundad\u0131r. Ayr\u0131ca, &#8220;paylar\u0131n geri \u00f6deme tutar\u0131n\u0131n, Adalet Bakanl\u0131\u011f\u0131 y\u00f6netmeli\u011fi ile belirlenen y\u00f6nteme g\u00f6re hesaplanan \u015firketin net varl\u0131k tutar\u0131n\u0131 a\u015fmas\u0131 durumunda&#8221; s\u00fcre iki ay veya daha fazla olur ve Resmi Gazete ilan\u0131 zorunlu hale gelir (Madde 635, F\u0131kra 2, \u0130stisna ve F\u0131kra 3). \u0130lan \u00f6rne\u011fi a\u015fa\u011f\u0131daki gibidir.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>Sermaye Azaltma \u0130lan\u0131<br>\u015eirketimiz, sermaye miktar\u0131n\u0131 \u25cf\u25cf\u25cf milyon yen azaltma karar\u0131 alm\u0131\u015ft\u0131r. Bu karara itiraz\u0131 olan alacakl\u0131lar, bu ilan\u0131n yay\u0131nlanmas\u0131ndan itibaren bir ay i\u00e7inde ba\u015fvuruda bulunabilirler.<br>Reiwa (2023) \u25cf\u25cf y\u0131l \u25cf\u25cf ay \u25cf\u25cf g\u00fcn<br>Tokyo, Chuo-ku, Ginza \u25cf-chome \u25cf-no \u25cf<br>Kumpanya \u25cf\u25cf\u25cf\u25cf<br>Y\u00f6netici Ortak Shiodome Taro<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bireysel_Ihtar\"><\/span>Bireysel \u0130htar<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Resmi Gazete ilan\u0131na ek olarak, \u015firket, bilinen t\u00fcm alacakl\u0131lara (bilgi sahibi oldu\u011fu alacakl\u0131lar) ayn\u0131 i\u00e7erikteki bir ihtar mektubu g\u00f6ndermek zorundad\u0131r. Ancak, ana s\u00f6zle\u015fmede Resmi Gazete d\u0131\u015f\u0131nda bir ilan y\u00f6ntemi (g\u00fcnl\u00fck gazeteye ilan veya elektronik ilan gibi) belirleyen \u015firketler, Resmi Gazete ilan\u0131 ile birlikte bu ana s\u00f6zle\u015fme ile belirlenen y\u00f6ntemi kullanarak ilan yaparsa (s\u00f6zde \u00e7ift ilan), bu bireysel ihtar\u0131 atlayabilir.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Alacaklilarin_Itiraz_Basvurusu\"><\/span>Alacakl\u0131lar\u0131n \u0130tiraz Ba\u015fvurusu<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Alacakl\u0131lar itirazda bulundu\u011funda, \u015firket, borcu \u00f6demek, uygun bir teminat sa\u011flamak veya borcu \u00f6demek amac\u0131yla bir g\u00fcven \u015firketine uygun miktarda mal varl\u0131\u011f\u0131 devretmek gibi \u00f6nlemler almad\u0131k\u00e7a, sermaye azaltma i\u015flemini s\u00fcrd\u00fcremez.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sermaye_Azaltmanin_Etkisinin_Baslamasi\"><\/span>Sermaye Azaltman\u0131n Etkisinin Ba\u015flamas\u0131<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Anonim \u015firketlerden farkl\u0131 olarak, kumpanyalar\u0131n sermaye azaltma etkisi, \u015firketin keyfi olarak belirledi\u011fi bir tarihte ba\u015flamaz. Japon \u015eirketler Kanunu&#8217;nun 627. maddesinin 6. f\u0131kras\u0131, alacakl\u0131lar\u0131n korunmas\u0131 prosed\u00fcr\u00fcn\u00fcn tamamland\u0131\u011f\u0131 g\u00fcn etkinin ba\u015flayaca\u011f\u0131n\u0131 belirtir. Bu genellikle, alacakl\u0131lar\u0131n itiraz s\u00fcresinin sona ermesi ve t\u00fcm itirazlara kar\u015f\u0131 \u00f6nlemlerin tamamlanmas\u0131 anlam\u0131na gelir. Etkin ba\u015flad\u0131ktan sonra, \u015firketin yasal sicilde sermaye miktar\u0131ndaki de\u011fi\u015fikli\u011fi tescil ettirmesi gerekir. Bu s\u00fcre\u00e7, kumpanyalar\u0131n sermayelerini s\u0131k s\u0131k de\u011fi\u015ftirmelerini fiilen engelleyen bir etkiye sahiptir. B\u00f6ylece, hukuki bir yasak olmaks\u0131z\u0131n, prosed\u00fcrel bir y\u00fck arac\u0131l\u0131\u011f\u0131yla sermayenin istikrar\u0131n\u0131 sa\u011flama yakla\u015f\u0131m\u0131 benimsenmi\u015f olur ve bu, anonim \u015firketlerden farkl\u0131 bir yakla\u015f\u0131md\u0131r.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Japonya%E2%80%99da_Kabushiki_Kaisha_ve_Godo_Kaisha%E2%80%99nin_Sermaye_Sistemlerinin_Karsilastirilmasi\"><\/span>Japonya&#8217;da Kabushiki Kaisha ve G\u014dd\u014d Kaisha&#8217;n\u0131n Sermaye Sistemlerinin Kar\u015f\u0131la\u015ft\u0131r\u0131lmas\u0131<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>G\u014dd\u014d Kaisha&#8217;n\u0131n sermaye iadesi sisteminin \u00f6zelliklerini daha iyi anlamak i\u00e7in, Kabushiki Kaisha&#8217;n\u0131n sermaye sistemleriyle kar\u015f\u0131la\u015ft\u0131r\u0131lmas\u0131 faydal\u0131d\u0131r. Kabushiki Kaisha&#8217;da, \u015firket varl\u0131klar\u0131n\u0131 g\u00fcvence alt\u0131na almak ve alacakl\u0131lar\u0131 korumak amac\u0131yla &#8220;sermaye koruma ilkesi&#8221; kat\u0131 bir \u015fekilde uygulan\u0131r. Bu ilke, \u015firket kuruldu\u011funda hissedarlardan al\u0131nan sermayenin, \u015firketin mali temeli olarak korunmas\u0131 gerekti\u011fi ve prensip olarak hissedarlara geri \u00f6denmemesi gerekti\u011fi fikrine dayan\u0131r. Hissedarlar\u0131n yat\u0131rd\u0131klar\u0131 sermayeyi geri alman\u0131n ana yolu, sahip olduklar\u0131 hisseleri \u00fc\u00e7\u00fcnc\u00fc bir tarafa satmakt\u0131r.<\/p>\n\n\n\n<p>Buna kar\u015f\u0131l\u0131k, G\u014dd\u014d Kaisha sistemi &#8220;prosed\u00fcrel esneklik&#8221; olarak ifade edilebilir. Sermaye iadesi m\u00fcmk\u00fcnd\u00fcr, ancak bunun i\u00e7in toplam ortaklar\u0131n onay\u0131, kullan\u0131labilir kar rezervleri gibi finansal kaynak k\u0131s\u0131tlamalar\u0131 ve sermaye azalt\u0131m\u0131 gerekti\u011finde kat\u0131 alacakl\u0131 koruma prosed\u00fcrleri gibi \u00e7ok katmanl\u0131 prosed\u00fcrlerin yerine getirilmesi gerekmektedir. Bu fark, her iki organizasyonun karakterindeki farkl\u0131l\u0131klar\u0131 yans\u0131tmaktad\u0131r. A\u015fa\u011f\u0131daki tablo, her iki sermaye sisteminin ana farkl\u0131l\u0131klar\u0131n\u0131 \u00f6zetlemektedir.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><td>\u00d6zellik<\/td><td>Kabushiki Kaisha<\/td><td>G\u014dd\u014d Kaisha<\/td><\/tr><\/thead><tbody><tr><td>Temel \u0130lke<\/td><td>Sermaye Koruma \u0130lkesi: Alacakl\u0131 koruma amac\u0131yla sermaye sabitlenir.<\/td><td>Prosed\u00fcrel Esneklik: Kat\u0131 prosed\u00fcrler alt\u0131nda sermayenin iadesi m\u00fcmk\u00fcnd\u00fcr.<\/td><\/tr><tr><td>Yat\u0131r\u0131mc\u0131n\u0131n Sermaye Geri Kazan\u0131m Y\u00f6ntemi<\/td><td>Esas olarak hisselerin \u00fc\u00e7\u00fcnc\u00fc bir tarafa sat\u0131\u015f\u0131. \u015eirketten do\u011frudan iade genellikle yasakt\u0131r.<\/td><td>Sermaye iadesi (ortakl\u0131k stat\u00fcs\u00fcn\u00fcn korunmas\u0131) veya ortakl\u0131ktan ayr\u0131lma ile pay\u0131n iadesi.<\/td><\/tr><tr><td>Alacakl\u0131 Koruma Mekanizmas\u0131<\/td><td>Sermaye iadesine kar\u015f\u0131 hukuki mutlak yasak. Kar pay\u0131 da\u011f\u0131t\u0131m\u0131 (kar rezervleri) i\u00e7in kat\u0131 finansal kaynak k\u0131s\u0131tlamalar\u0131.<\/td><td>Toplam ortaklar\u0131n onay\u0131, kar rezervleri ile finansal kaynak k\u0131s\u0131tlamalar\u0131, alacakl\u0131 itiraz prosed\u00fcrleri gibi \u00e7ok katmanl\u0131 prosed\u00fcrel kontroller.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Islemlerdeki_Usulsuzluklerin_Hukuki_Sonuclari_Icra_Yetkilisi_Calisanlarin_Sorumlulugu\"><\/span>\u0130\u015flemlerdeki Usuls\u00fczl\u00fcklerin Hukuki Sonu\u00e7lar\u0131: \u0130cra Yetkilisi \u00c7al\u0131\u015fanlar\u0131n Sorumlulu\u011fu<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Japonya \u015firket hukukunun belirledi\u011fi katk\u0131 paylar\u0131n\u0131n geri \u00f6denmesine ili\u015fkin kat\u0131 prosed\u00fcrler, bu prosed\u00fcrlerin uygulanmas\u0131n\u0131 sa\u011flamak i\u00e7in g\u00fc\u00e7l\u00fc bir y\u00fcr\u00fctme mekanizmas\u0131 taraf\u0131ndan desteklenmektedir. Bu mekanizman\u0131n \u00e7ekirde\u011fini, Japon \u015firket hukukunun 636. maddesinde d\u00fczenlenen icra yetkilisi \u00e7al\u0131\u015fanlar\u0131n sorumlulu\u011fu olu\u015fturur.<\/p>\n\n\n\n<p>Bu madde, bir kumpanyan\u0131n finansal kaynak d\u00fczenlemelerine (Japon \u015firket hukukunun 635. maddesi) ayk\u0131r\u0131 olarak paylar\u0131n geri \u00f6demesini (katk\u0131 paylar\u0131n\u0131n geri \u00f6demesi i\u00e7in de ge\u00e7erlidir) ger\u00e7ekle\u015ftirmesi durumunda, bu geri \u00f6deme i\u015flemini y\u00fcr\u00fcten \u00e7al\u0131\u015fan\u0131n, geri \u00f6demeyi alan \u00e7al\u0131\u015fanla birlikte, \u015firkete kar\u015f\u0131 yasa d\u0131\u015f\u0131 olarak geri \u00f6denen miktar\u0131 \u00f6deme y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcn\u00fc ta\u015f\u0131d\u0131\u011f\u0131n\u0131 belirtir. Bu sorumluluk, sadece \u015firkete kar\u015f\u0131 olan bir y\u00fck\u00fcml\u00fcl\u00fck olmay\u0131p, icra yetkilisi \u00e7al\u0131\u015fan\u0131n ki\u015fisel mal varl\u0131\u011f\u0131na kadar uzan\u0131r.<\/p>\n\n\n\n<p>\u00d6zellikle dikkat edilmesi gereken nokta, bu sorumlulu\u011fun ispat y\u00fck\u00fcn\u00fcn de\u011fi\u015fmi\u015f olmas\u0131d\u0131r. Yani, icra yetkilisi \u00e7al\u0131\u015fanlar, g\u00f6revlerini yerine getirirken gerekli \u00f6zeni g\u00f6stermediklerini kan\u0131tlamad\u0131k\u00e7a, sorumluluktan ka\u00e7\u0131nmalar\u0131 m\u00fcmk\u00fcn de\u011fildir. Bu, &#8220;ihmalin varsay\u0131m\u0131&#8221; olup, icra yetkilisi \u00e7al\u0131\u015fanlar i\u00e7in son derece a\u011f\u0131r bir y\u00fck\u00fcml\u00fcl\u00fckt\u00fcr. Ayr\u0131ca, bu y\u00fck\u00fcml\u00fcl\u00fck esasen muaf tutulamaz ve genel ortaklar\u0131n onay\u0131 olsa bile, yasa d\u0131\u015f\u0131 geri \u00f6demenin yap\u0131ld\u0131\u011f\u0131 tarihteki serbest bakiye miktar\u0131 ile s\u0131n\u0131rl\u0131 kalmak \u00fczere, sadece belirli ko\u015fullarda muafiyet tan\u0131nabilir. Bu ki\u015fisel sorumluluk h\u00fck\u00fcmleri, alacakl\u0131 koruma sisteminin etkinli\u011fini garanti alt\u0131na almak i\u00e7in son \u00e7are olarak i\u015flev g\u00f6r\u00fcr. Y\u00f6netim kararlar\u0131 alan icra yetkilisi \u00e7al\u0131\u015fanlar, katk\u0131 paylar\u0131n\u0131n geri \u00f6demesini yaparken, hukuki prosed\u00fcrlerin tamamen uyuldu\u011fundan emin olmak i\u00e7in kendi sorumluluklar\u0131 alt\u0131nda g\u00fc\u00e7l\u00fc bir motivasyona sahip olur ve bu, sermayenin kolayca d\u0131\u015far\u0131 akmas\u0131n\u0131 \u00f6nleyen \u00f6nemli bir rol oynar.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ozet\"><\/span>\u00d6zet<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Japonya&#8217;daki \u015firketler hukuku \u00e7er\u00e7evesinde, bir kumpanyan\u0131n sermaye iadesi sistemi, \u00fcyelere yat\u0131r\u0131lan sermayeyi geri alma konusunda esneklik sa\u011flarken, bu hakk\u0131n kullan\u0131m\u0131na son derece kat\u0131 hukuki kurallar getirilmektedir. Bu i\u015flemler, t\u00fcm \u00fcyelerin onay\u0131n\u0131 gerektiren ana s\u00f6zle\u015fme de\u011fi\u015fikli\u011fi, \u015firketin mali temelini korumak i\u00e7in kaynak d\u00fczenlemesi ve sermayenin azalt\u0131lmas\u0131n\u0131 gerektiren durumlarda, alacakl\u0131lar\u0131n korunmas\u0131 i\u00e7in zaman ve maliyet gerektiren prosed\u00fcrlerden olu\u015fmaktad\u0131r. Bu prosed\u00fcrlerden herhangi birinin ihmal edilmesi durumunda, yap\u0131lan iade yasad\u0131\u015f\u0131 hale gelebilir ve i\u015fleme dahil olan y\u00f6netici \u00fcyeler, \u015firkete kar\u015f\u0131 ciddi ki\u015fisel sorumluluklarla kar\u015f\u0131 kar\u015f\u0131ya kalabilirler. Bu nedenle, sermaye iadesini d\u00fc\u015f\u00fcn\u00fcrken, Japon \u015firketler hukukunun h\u00fck\u00fcmlerini do\u011fru bir \u015fekilde anlamak ve prosed\u00fcrleri dikkatlice ilerletmek hayati \u00f6nem ta\u015f\u0131maktad\u0131r.<\/p>\n\n\n\n<p>Monolit Hukuk B\u00fcrosu, Japon \u015firketler hukuku alan\u0131nda geni\u015f bir deneyime sahip olup, yerli ve yabanc\u0131 bir\u00e7ok m\u00fc\u015fteriye profesyonel hukuki hizmetler sunmaktad\u0131r. Kumpanyan\u0131n kurulu\u015fu, y\u00f6netimi ve sermaye iadesi veya sermaye azalt\u0131m\u0131 gibi karma\u015f\u0131k sermaye yap\u0131land\u0131rma i\u015flemleri konusunda da derin bilgi birikimi ve tecr\u00fcbeye sahiptir. B\u00fcromuzda, uluslararas\u0131 i\u015f d\u00fcnyas\u0131nda sorunsuz ileti\u015fim sa\u011flayarak, m\u00fc\u015fterilerimizin Japon yasal d\u00fczenlemelerine tam olarak uymalar\u0131n\u0131 ve stratejik hedeflerine ula\u015fmalar\u0131n\u0131 destekleyecek \u015fekilde, birden fazla \u0130ngilizce konu\u015fan yabanc\u0131 avukat bulunmaktad\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japonya&#8217;da, Japon \u015eirketler Hukuku (Heisei (1989)) taraf\u0131ndan d\u00fczenlenen G\u014dd\u014d Kaisha (\u5408\u540c\u4f1a\u793e), hisse senedi \u015firketlerine k\u0131yasla daha esnek bir organizasyon tasar\u0131m\u0131 ve i\u015fletme imkan\u0131 sundu\u011fu i\u00e7in [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":74618,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[24,89],"acf":[],"_links":{"self":[{"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/posts\/74617"}],"collection":[{"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/comments?post=74617"}],"version-history":[{"count":2,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/posts\/74617\/revisions"}],"predecessor-version":[{"id":74728,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/posts\/74617\/revisions\/74728"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/media\/74618"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/media?parent=74617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/categories?post=74617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/tags?post=74617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}