975
(f)
name, address, citizenship and positional interest of the transferee’s officers, directors,
stockholders or partners (if other than individual also show name address and citizenship of
natural person authorized to vote the stock);
(g)
description of the changes in interests as a result of transfer;
(h)
a copy of the complete documentation of the transfer together with a request for
confidential treatment;
(i)
a statement whether the transfer provides for reversion of the licence(s) in the event of
defaulter any right to reassignment of the licence in the future; provision of a security
interest in the station licence(s) permits or authorizations; a covenant not to compete; or a
stock pledge;
(j)
a statement whether the transfer provides for the transfer of control to nonLesotho
interests and if so a full description of those alien interests;
(k)
certification by the transferee that sufficient net liquid assets are on hand or are available
from committed sources to consummate the transaction and operate the station(s) for at
least three months;
(/)
certification by the transferor(s) that it has answered each question fully completely and
accurately; and
(m)
any other information required by the Authority.
Defective applications
77. (1) lncomplete applications, which are defective with respect to completeness of answers to required
questions execution or other matters of a purely formal character shall be brought to the attention of the
applicant
(2) If an applicant is requested by the Authority to file any documents or information not included in the
application a failure to comply with such request constitutes a defect in the application
(3) Applications which are not in accordance with the Authority’s Rules or other relevant requirements may
be considered defective unless accompanied by a request of the applicant for waiver of or an exception to
any rule regulation or requirement with which the application is in conflict
(4) Requests to amend, waive, or for an exception to any rule, regulation or requirement of the Authority
shall show the nature of the amendment waiver or exception desired and set forth the reasons in support
the reef
Amendments or dismissal of applications
(1) Prior to the granting of an application an application may be amended or dismissed without prejudice
upon request of the applicant
(2) Each amendment to, or request for dismissal of an application shall be signed, authenticated, and
submitted in the same manner and with the same number of copies as required for the original application.
13) All subsequent correspondence or other material which the applicant desires to have incorporated as
part of an application already filed shall be submitted in the form of an amendment to the application.
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