Clause 47
Broadcasting company owned by foreign source
of Singapore Broadcasting Authority Bill
BillNot in forceProvision 19 of 86
Clause 47
No company shall, unless the Authority otherwise approves, be granted or hold a relevant licence if the Authority is satisfied that 49% or more of its issued and paid-up capital is owned by or on behalf of any foreign source or that all or a majority of the persons having the direction, control or management of the company are appointed by or on behalf of the government of a country outside Singapore or the agent of any such government.