C644
Permission for retention of certain shares,
etc.
(
of 1988)
TELEVISION (AMENDMENT) BILL 1988
(ii) a statement of the number of such forms o declaration which were so distributed but were either not so made or so returned, together with a statement of the number of the licensee's voting shares as regards which the provisions of sub- section (4) apply.
(b) Where the provisions of subsection (4) cease to apply to voting rights, by virtue of the receipt by a licensee of a declaration, the licensee shall inform the Broadcasting Authority in writing of the cesser and also the total number of the voting shares of the licensee which carry in their aggregate the voting rights to which the cesser relates.
(c) The Broadcasting Authority may give to a licensee a direction in writing specifying the manner in which the obligations imposed on the licensee by para- graph (b) are to be discharged, and in case the Broadcasting Authority gives such a direction, the licensee concerned shall comply with it.
(6) Where for the time being, as regards a licensee-- (a) the aggregate specified in section 17C(1) is exceeded;
and
(b) by virtue of subsection (4) voting rights attached to
shares of the licensee are not exercisable; and
(c) a declaration of the kind last referred to in subsec-
tion (4) is received by the licensee,
the voting rights shall begin and continue to become exercis- able in, and only in, such manner as will enable the require- ments of section 17C(1) to be complied with at all times and the licensee's register shall be dealt with accordingly.
17G. (1) Where-
(a) a company or other body corporate or any other person to whom the restriction in section 17D applies holds voting shares of a licensee; and
(b) an application for registration in the licensee's regis- ter of the transfer to him of the shares was received on or before 24 November 1987; and
(c) because of the number of shares held by him the
requirements of section 17D are contravened,
if, but only if, he has previously made as regards the shares a declaration referred to in section 17F(2)(b) he may, within the period of 6 months beginning on the day on which the Television (Amendment) Ordinance 1988 (apart from sec- tions 17B and 17C) came into operation, apply in accordance with subsection (3) to the Broadcasting Authority in writing for a permission under this section.
(2) Where, within the period mentioned in subsec- tion (1), a person who is the holder of shares described in that
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