Information on Share Printing
All shares issued with new commitments or payments, in other words, increased as paid, are either issuances at the founding stage and must be offered to the public by existing shareholders through the use of pre-emptive rights during capital increases. These offerings are purchased by third parties in the share printing areas. However, for shares to be issued by adding undistributed profits, revaluation reserves, capital gains from real estate sales, or value increases of associates to the capital, no new payment or commitment is required. At these stages, since the new shares are extensions of the old ones, the right to acquire free shares belongs to the old shareholders, i.e., the shareholders.
Due to recent changes in tax laws, printing shares has become a necessary process for joint-stock companies. More precisely, printing shares offers a significant tax advantage.
How are Shares Differentiated?
If shareholders of joint-stock companies sell their shares within approximately one year from the date of acquisition, all profits arising from these sales are not subject to income tax. However, if joint-stock companies have not printed shares, all profits arising from share sales are subject to income tax. For these reasons, it is necessary to print shares as soon as possible.
The most important stages of these necessary differentiations emerge in the transfer of shares. While transfer procedures for bearer shares are completed by endorsement, for registered shares, transfer by endorsement of the ceded securities to the transferee and registration in the companies' share books due to separate sources must be among the essential steps. In the areas of share printing and all necessary services, it is crucial to obtain the necessary information and services from experts and experienced individuals in the field. Otherwise, some problems and difficulties may be encountered.
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