1964_TELEVISION_ORDINANCE — Page 11

Television

[1989 Ed.

(ii) in the case the transferee or such person is an individual, whether or not the person is, on the date of the transfer, allotment or issue, ordinarily resident in Hong Kong and whether or not the person has been so resident for at least one continuous period of 7 years or in case the transferee or such person is a company or other body corporate, whether or not the body is a company ordinarily resident in Hong Kong or, where appropriate, is, by virtue of section 2(2), to be regarded as being a company so resident;

(iii) if the individual was not so resident or if the company or other body is not ordinarily resident in Hong Kong or is not, by virtue of section 2(2), to be regarded as being a company so resident, whether or not, the transferee or the person to whom the shares are to be allotted or issued, taking the transfer, allotment or issue into account, has a relevant interest in 2% or more of the voting shares of the company and where the transferee or such person has a relevant interest in that percentage or more, also stating the number and percentage of such shares in which he has such interest; (Replaced 72 of 1988 5. 6)

(i) the company shall be empowered under its memorandum of association to comply fully with the provisions of this Ordinance

and the conditions of its licence:

Provided that paragraph (g) shall not be construed as requiring the company's articles of association to prohibit the registration of a transfer which relates to any interest in shares which is an exempt security interest for the purposes of section 17L(1). (Added 72 of 1988 s. 6)

11. Special conditions of licence

(Replaced 7 of 1973 s. 7)

(1) Subject to section 11A, a licensee-

(a) shall comply at all times with section 10(a) to (i);

(b) (Repealed 72 of 1988 s. 25)

(c) shall refuse to register the allotment, issue or transfer of any voting shares of the licensee if to do so would, or would be likely to, con- travene section 17B, 17C or 17D; and (Replaced 72 of 1988 s. 7) (d) (Repealed 72 of 1988 s. 25)

(2) Subject to section 11A, no disqualified person who exercises control of a licensee company shall increase such control-

(a) by augmenting the percentage of voting shares of the company

which he holds as the beneficial owner thereof; or (b) as the result of the change of office held by him in the

company.

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