M(88)14
125
Ownership and Control of Licensee Companies
(iii) a licensee
company
shall not be permitted
to hold directly or
indirectly shares in
any
company
the
business of which is
not
directly
associated
or
connected
with
television
broadcasting;
(iv)
any subsidiary company
held by a licensee
company
shall
be
subject
to
the
approval
of
the
Broadcasting Authority
and subject to the
licensee
having a
company
majority
shareholding in the
subsidiary company and
control
over
its
management;