TELEVISION (AMENDMENT) BILL 1988
12. Section 16 is amended by repealing subsection (1) and sub- Notice of stituting--
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intended revocation or non-renewal
"(1) Where it is decided not to renew, or to revoke, a licence under this Ordinance, the Governor in Council shall cause notice in writing of and power to the decision to be given to the licensee concerned, and
(a) in case the decision is a decision not to renew a licence, the notice shall be given at least 18 months prior to the day on which the licence will expire; and
(b) in case the decision is a decision to revoke a licence, the decision shall come into effect on the day specified therein which shall be a day which is not earlier than the 60th day after the date of the decision.".
continue licence in force
13. Section 17 is amended by repealing "Colonial Treasurer" wherever Compulsory it occurs and substituting "Financial Secretary”.
14. The following Part is added after section 17-
Licensees
"PART IIIA
SHAREHOLDING AND OTHER RESTRICTIONS AND RELATED MATTERS
17A. (1) A licensee shall not hold, either directly or
prohibited from indirectly, shares in any company which-
holding certain
shares, etc.
Nominees not
(a) carries on any business or other activity which, in the opinion of the Broadcasting Authority, is not directly connected with television broadcasting; or (b) is a company less than 51 per cent of the issued shares of which are registered in, and only in, the name of the licensee and where management is not under the control of the licensee.
(2) A licensee shall not acquire an interest in any other company unless the acquisition has previously been approved by the Broadcasting Authority.
17B. (1) A nominee shall not hold a relevant interest in to hold relevant a voting share of a licensee.
interest
(2) Where for the time being a person to whom a restriction in subsection (1) applies has a relevant interest in voting shares of a licensee, notwithstanding anything con- tained in the articles of association of the licensee or any provision of the laws of Hong Kong apart from this subsec- tion, he shall, as regards the licensee, not be qualified to exercise, or cause to be exercised, in relation to any question or matter arising at a general meeting of the licensee, any voting rights which the voting shares carry.
(3) Subsection (1) shall not be construed as affecting the ability of a person to transfer a relevant interest in a voting share of a licensee pursuant to a requirement of a notice under section 17G(7).
purchase of land, buildings, etc.
Part IIIA
added