TELEVISION (AMENDMENT)
Ord. No. 72/88
A439
(e) in paragraph (i) by repealing the semicolon and substituting a
colon; and
(f) by adding the following proviso to the section-
"Provided that paragraph (g) shall not be construed as requiring the company's articles of association to prohibit the registration of a transfer which relates to any interest in shares which is an exempt security interest for the purposes of section 17L(1).".
7. Section 11(1) is amended by repealing paragraph (c) and sub- Special stituting-
"(c) shall refuse to register the allotment, issue or transfer of any voting shares of the licensee if to do so would, or would be likely to, contravene section 17B, 17C or 17D; and".
8.
stituting-
(Cap. 361)
9.
conditions of licence
Section 11A is amended by repealing subsection (2) and sub- Exceptions
"(2) Without prejudice to any action which may be taken against a licensee under section 13A, 14 or 37, if because of the registration by the licensee of a transfer, allotment or issue of shares the requirements of section 17C are contravened, whether the registration has been effected by the licensee or not, the licensee shall-
(a) forthwith notify the Broadcasting Authority and also the secretary of the Unified Exchange (within the meaning of the Stock Exchanges Unification Ordinance) of the transfer, allotment or issue, as the case may be, and the contravention; and
(b) refuse to register or, where appropriate, cause to be refused the registration of, an allotment, issue or transfer of such shares to any other person, being a company or other body corporate or any other person who is an unqualified person for the pur- poses of section 17C, until such time as a notice in writing is received by the licensee from the Broad- casting Authority stating that such registrations may be resumed."
The following is added after section 13-
"Suspension of licence
13A. (1) Subject to the provisions of this section, the Broadcasting Authority may suspend a licence under this Ordinance for such period, being a period not exceeding 30 days, as is specified in the suspension.
(2) A licence shall only be suspended under this section where, if having regard to such of the following as is or are appropriate in the particular case, namely, the number of penalties imposed on the licensee under section 37 since the issue of the licence, the number of occasions on which, since such issue, the requirements of this Ordinance (apart from section 37) have, in relation to the licensee, been contravened, any failure by the licensee, whether by act or omission, to
to special conditions of
licence
Section added