24
CAP. 52]
Television
[1989 Ed.
(2) Where, within the period mentioned in subsection (1), a person who is the holder of shares described in that subsection dies, his personal representative may, within the period of 6 months beginning on the day on which representation is raised in Hong Kong to the person's estate (and whether the period mentioned in subsection (1) has expired or not), apply in accordance with subsection (3) to the Broadcasting Authority for a permission under this section.
(3) An application under this section shall be made through the relevant licensee and in case a licensee receives such an application, he shall, as soon as may be, forward the application to the Broadcasting Authority.
(4) Where an application is made under this section to the Broadcasting Authority, the applicant shall, by way of a declaration signed by him or on his behalf, disclose to that authority the number of voting shares of the relevant licensee in which he has a relevant interest, together with the particulars which would be required by section 17H to be so declared were the application one to register a transfer of the shares, and that authority, having considered the application, may-
(a) grant a permission under this section as regards all of such shares which were acquired by the applicant, or where appropriate, the relevant deceased person, on or before 24 November 1987 and in which, but for the permission, the applicant would continue to have a relevant interest in contravention of the requirements of section 17D (which shares shall be referred to in the permission by reference to a certificate number or otherwise); or
(b) grant such a permission as regards some only of the shares described in paragraph (a) and specify in the permission, by reference to a certificate number or otherwise, the particular shares to which the permission relates; or
(c) refuse to grant a permission.
(5) (a) Where the Broadcasting Authority gives a permission under subsection (4), it may declare that paragraph (b) is to apply to all or any of the shares to which the permission relates.
(b) Where a declaration under paragraph (a) is made by the Broadcasting Authority, subsection (6)(b) shall not apply as regards any share to which the declaration relates.
(6) (a) Where a permission under this section is granted by the Broadcasting Authority, then for so long, but only for so long, as the applicant for the permission continues to have a relevant interest in a share to which the permission relates, this Ordinance shall not be regarded as being contravened in so far, and only in so far, as it applies to the share or to the applicant's having a relevant interest in the share.
Page 26
1989 Ed.]