29
amend the
time to time under such other legislation as may
apply.
ise
otherw
or
code
ship
leader
A person to whom section 11(1) applies—
(1)
(a)
shall, within three months after his
appointment or engagement, sell or dispose
of all interests in any prohibited entity
which, at the time of his appointment, he
owns or is interested in for his own benefit;
(b)
shall not, whilst he holds office under this
Act, purchase or become interested in, for
his own benefit, any interests in any
prohibited entity; and
(c)
(2)
if becomes entitled, for his own benefit,
under any will or succession, to any
interests in any prohibited entity, shall sell
or dispose of the whole within three months
after he has become entitled to it.
Any person to whom section 11(1) applies who
s interested in
retains, purchases, takes or becomes or remain
n of this
any interests in any prohibited entity in contraventio
d to
deeme
be
shall
and
from,
lified
section shall be disqua
shall be
effect
that
to
entry
an
and
office,
his
d,
have vacate
made in the records of the Ministry or the
able, as soon as
Telecommunications Commission, as applic
n is known.
practicable after the fact of any such contraventio
n
The fact of any person disqualified under this sectio
(3)
er
ssion
commi
or
er
Minist
of
ty
capaci
the
in
having acted
in the .
before such entry in subsection (2) has been made
or
tion
resolu
any
date
relevant records shall not invali
or
order
n,
inatio
determ
any
or
er
Minist
proceeding of the
, as
direction of the Telecommunications Commission
applicable.
(4)
,
In this section "interests in any prohibited entity"
ure stock, bonds
means any stock, shares, debentures, debent
ated
or other securities of any service provider or associ
in any
t
interes
any
es
includ
and
,
Islands
on
entity in Solom
than
other
d,
unincorporated undertaking similarly engage
al
Nation
s
Island
on
solely as a member of the Solom
does not
Provident Fund or similar funds where the person
Disposal of
interests in service
providers