Aggregate of certain voting shares of licensee not to exceed
49 per cent
17C. (1) The aggregate of the voting
shares of a licensee each of which is a
voting share to which this section applies
shall not exceed 49 per cent of the total
number of voting shares of the licensee.
(2) This section applies to a voting
share of a licensee
(a)
(b)
whose relevant entry in the
licensees' register contains the
name of any person who is an
unqualified person for the
purposes of this section; and
in relation to which the voting
right carried by the share is for
the time being exercisable as
regards any question or other
matter whatsoever which may be
determined by a poll at any
general meeting of the licensee.
(3) A person shall be an unqualified
person for the purposes of this section if
-
(a) in case the person is an
individual, he either is not for
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