On 26/05/2013,
you requested for the version in force on 26/05/2013
incorporating all amendments published on or before 26/05/2013.
The closest version currently available is that of 31/12/2002.
11.
—(1) No person shall, on or after 2nd September 20021, become a substantial shareholder of a newspaper company without first obtaining the approval of the Minister.
1 Date of commencement of the Newspaper and Printing Presses (Amendment) Act 2002 (Act 20 of 2002).
[20/2002]
(2) Subject to section 13(4), no person who, immediately before 2nd September 2002, is a substantial shareholder of a newspaper company shall continue to be a substantial shareholder 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 shareholder.
[20/2002]
(3) No person shall, on or after 2nd September 2002, enter into any agreement or arrangement, whether oral or in writing and whether express or implied, to act together with any other person with respect to the acquisition, holding or disposal of, or the exercise of rights in relation to, their interests in voting shares of an aggregate of more than 5% of the nominal amount of all voting shares in a newspaper company without first obtaining the approval of the Minister.
[20/2002]
(4) Subject to section 13(4), no person who, at any time before 2nd September 2002, has entered into any agreement or arrangement referred to in subsection (3) shall continue to be a party to such an 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]