Telecommunications Ordinance
Part 3A
3A-18
Section 13H
Cap. 106
(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.
13I.
(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—
(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 not at any time exceed 49% of the
total number of voting shares in the licensee.
(2) Subsection (1) applies to voting shares in a licensee where
the voting rights carried by such shares are for the time
Last updated date
20.4.2018
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