C648
Additional
requirements
TELEVISION (AMENDMENT) BILL 1988
171. (1) A licensee's register shall be in such form and contain such particulars as are specified by the Broadcasting regarding form Authority in a notice published for the purposes of this
section in the Gazette and not withdrawn.
and content of licensee's register
(Cap. 32)
Provisions
regarding
certain entries in licensees'
registers
Relevant interest
(2) The requirements of this section are in addition to, and not in substitution for, the requirements of section 95 of the Companies Ordinance.
17J. For the purposes only of sections 17D and 17E, the following provisions shall apply in relation to any entry which was in a licensee's register immediately before the commencement of this section-
(a) the person whose name appears in the entry shall be regarded as having a relevant interest in each of the shares to which the entry relates and for so long as his name continues after such commencement so to appear as regards any such share he shall be regard- ed as having a relevant interest in that share; and (b) in case the names of two or more persons appear in the entry, each of those shall be regarded as being solely entitled to a relevant interest in each of the shares to which the entry relates.
17K. (1) Subject to section 17L, the following provi- sions of this section shall be applied to determine, for the purposes of this Ordinance, whether or not a person has a relevant interest in a share of a licensee or other company.
(2) Any reference in this Ordinance to a relevant in- terest, in relation to shares, is to be read as including a reference to an interest of any kind whatsoever in the shares; and accordingly there are to be disregarded any restraint or restriction to which the exercise of any right attached to the interest is or may be subject.
(3) Where property is held on trust and an interest in shares is comprised in the property, a beneficiary of the trust who, apart from this subsection, does not have an interest in the shares is, for the purposes of this Ordinance, to be taken as having a relevant interest in them.
(4) For purposes of this Ordinance, a person is taken to have relevant interest in shares if-
(a) he enters into a contract for their purchase by him
(whether for cash or other consideration); or
(b) not being the registered holder, he is entitled to exercise any right conferred by the holding of the shares or is entitled to control the exercises of any such right.
(5) For the purposes of this Ordinance, a person is taken to have a relevant interest in shares if, otherwise than by virtue of having an interest under a trust-