1989 Ed.]
Television
[CAP. 52
11
(3) Subject to section 11A, a licensee shall not assign its licence to any person or company.
(Replaced 7 of 1973 s. 7)
11A. Exceptions to special conditions of licence
(1) On the application of a licensee the Governor in Council may, if he is satisfied that the public interest so requires, approve
(a) an increase in the control exercised by a disqualified person in the
company; or
(b) the introduction of a disqualified person to exercise control of the
company. (Amended 73 of 1980 s. 3)
(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 (Cap. 361)) 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 purposes of section 17C, until such time as a notice in writing is received by the licensee from the Broadcasting Authority stating that such registrations may be resumed. (Replaced 72 of 1988 s. 8)
(3) On the application of a licensee the Governor in Council may approve the assignment of its licence to any other company competent to apply for a licence subject to such conditions as may be specified by the Governor in Council.
(Added 7 of 1973 s. 7)
11B. Statement of effect of sections 10, 11
and 11A to be made in prospectus
A licensee shall ensure that a clear statement of the effect of sections 10, 11 and 11A is made in any prospectus within the meaning of the Companies Ordinance (Cap. 32) which may be issued at any time in respect of the company.
(Added 7 of 1973 s. 7)