Telecommunications Ordinance Part 3A 3A-6 Section 13B Cap. 106 for the time being ordinarily resident in Hong Kong and each of them has at any time been resident for a continuous period of not less than 7 years; and (iii) the control and management of which is bona fide exercised in Hong Kong; subsidiary (附屬公司) has the meaning given by section 15 of the Companies Ordinance (Cap. 622) for the purposes of that Ordinance; (Amended 28 of 2012 ss. 912 & 920) voting shares (有表決權股份) means shares in the company which entitle the shareholder to vote at meetings of shareholders of the company. (Amended 17 of 2011 s. 28) 13B. (2) For the purposes of this Part a person exercises control of a company or corporation if he— (a) holds office in that company or corporation; or (b) subject to paragraph (c), is the beneficial owner of more than 35% of the voting shares in that company or corporation; or (c) in the case of a corporation that is a licensee, is the beneficial owner of more than 15% of the voting shares in that corporation. (3) A person shall not be a disqualified person in relation to a corporation that is a licensee by reason only that he holds office in, or is the beneficial owner of more than 15% of the voting shares in, that corporation. Application for licence (1) Any corporation complying with section 13F may apply to the Authority in such form as the Authority may determine, Last updated date 20.4.2018