CTHRepealedAct
Film Licensed Investment Company Act 1998
28Other conditions
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28 Other conditions
A FLIC must comply with the following conditions:
(a) the FLIC must not purport to transfer its licence to another person;
(b) the FLIC must comply with the reporting requirements set out in the determination made under section 34;
(c) the FLIC must notify each shareholder in writing of any decision taken by the Minister in relation to the FLIC under section 32 in respect of a breach of a condition;
(d) the FLIC must maintain a separate bank account for its concessional capital.
Note: For bank see subsection 6(1).