14
CAP. 106]
13F. Competence of licensees
Telecommunication
[1989 Ed.
A licence may be granted to or held only by a corporation that is-
(a) a company formed and registered in Hong Kong under the Companies Ordinance (Cap. 32);
(b) not a subsidiary;
(c) empowered under its memorandum of association to comply fully with the provisions of this Ordinance and the terms and conditions of its licence.
13G. Disqualified persons
(1) Subject to subsection (2) and section 13H(2)(b), no disqualified person, other than a person in respect of whom the reason for his being a disqualified person was disclosed in the application for a licence, shall exercise control of a corporation that is a licensee.
(2) Notwithstanding subsection (1), the Governor in Council may grant a licence to a corporation-
(a) that is a disqualified person;
(b) in respect of which a disqualified person exercises control; or
(c) that is a disqualified person and in respect of which a disqualified person exercises control,
and the licence may contain such conditions relating to the disqualified person and to the control exercised by him as the Governor in Council may impose under section 13C.
13H. Increase of control by disqualified persons
(1) Subject to subsection (2), no disqualified person who exercises control of a corporation that is a licensee shall augment the basis of such control-
(a) by augmenting the percentage of voting shares in the corporation which he holds as the beneficial owner thereof; or
(b) by a change of the office held by him in the corporation.
(2) On the application of a licensee that is a corporation the Governor in Council may, if he is satisfied that the public interest so requires, permit-
13I.
(a) the licensee to augment the basis of the control of the corporation exercised by a disqualified person; or
(b) the licensee to enable a disqualified person to exercise control of the corporation.
Unqualified persons
(1) The aggregate of the voting shares in a licensee to or in which unqualified persons have, directly or indirectly, any right, title or interest, shall
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Page 16
14
CAP. 106]
13F. Competence of licensees
Telecommunication
[1989 Ed.
A licence may be granted to or held only by a corporation that is-
(a) a company formed and registered in Hong Kong under the Com-
panies Ordinance (Cap. 32);
(b) not a subsidiary;
(e) empowered under its memorandum of association to comply fully with the provisions of this Ordinance and the terms and conditions of its licence.
13G. Disqualified persons
(1) Subject to subsection (2) and section 13H(2)(b), no disqualified person, other than a person in respect of whom the reason for his being a disqualified person was disclosed in the application for a licence, shall exercise control of a corporation that is a licensee.
(2) Notwithstanding subsection (1), the Governor in Council may grant a licence to a corporation-
(a) that is a disqualified person;
(b) in respect of which a disqualified person exercises control; or
(c) that is a disqualified person and in respect of which a disqualified
person exercises control,
and the licence may contain such conditions relating to the disqualified person and to the control exercised by him as the Governor in Council may impose under section 13C.
13H. Increase of control by disqualified persons
(1) Subject to subsection (2), no disqualified person who exercises control of a corporation that is a licensee shall augment the basis of such control-
(a) by augmenting the percentage of voting shares in the corporation
which he holds as the beneficial owner thereof; or
(b) by a change of the office held by him in the corporation.
(2) On the application of a licensee that is a corporation the Governor in Council may, if he is satisfied that the public interest so requires, permit-
131.
(a) the licensee to augment the basis of the control of the corporation
exercised by a disqualified person; or
(b) the licensee to enable a disqualified person to exercise control of
the corporation.
Unqualified persons
(1) The aggregate of the voting shares in a licensee to or in which unqualified persons have, directly or indirectly, any right, title or interest, shall
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