11 CAP. 206 Newspaper and Printing Presses 2002 Ed. agreement or arrangement unless he has, within 6 months after that date or such longer period as the Minister may allow, applied to the Minister for approval to continue to be a party to such an agreement or arrangement. [20/2002] (5) For the purposes of this section, a person has an interest in any share if — (a) he is deemed to have an interest in that share under section 7 of the Companies Act (Cap. 50); or (b) he otherwise has a legal or an equitable interest in that share except for such interest as is to be disregarded under section 7 of the Companies Act. [10A [20/2002] Control of shareholdings and voting power in newspaper companies 12.—(1) No person shall, on or after 2nd September 2002, become — (a) a 12% controller; or (b) an indirect controller, of a newspaper company without first obtaining the approval of the Minister. [20/2002] (2) Subject to section 13(4), no person who, immediately before 2nd September 2002, is — (a) a 12% controller; or (b) an indirect controller, of a newspaper company shall continue to be such a controller unless he has, within 6 months after that date or such longer period as the Minister may allow, applied to the Minister for approval to continue to be such a controller. [20/2002] (3) In subsections (1)(a) and (2)(a), “12% controller” means a person who alone or together with his associates — Informal Consolidation – version in force from 1/7/2015