R-8.01 - Act respecting the Régie des télécommunications

Section 24 Disposition versions

1990-11-21

24. Any person or company wishing to carry on a telecommunications undertaking shall apply to the Régie for authorization to that effect.

The same rule applies to any operating company wishing to

(1)  cease or alter its operations;

(2)  assign or amalgamate its undertaking;

(3)  acquire or establish any other undertaking.

An application shall also be filed with the Régie for an authorization to assign, transfer, exchange or allot securities of an operating company or to carry out any other transaction in respect of such securities if the transaction directly or indirectly results in conferring on a single person or on a group of related persons within the meaning of the Taxation Act (chapter I-3) securities or rights to acquire securities

(1)  which permit the election of a majority of directors of that operating company, in the case of securities exempt from the application of the Securities Act (chapter V-1.1);

(2)  which represent over 20 % of the voting securities of that operating company, in the case of securities not exempt from the application of the said Act;

(3)  which represent over 50 % of the shares of the company or, in the case of a limited partnership, of the shares allowing the holder to act as general partner.

Any interested person may apply to a court of competent jurisdiction for the annulment of an act performed in contravention of this section.

1988, c. 8, s. 24; 1990, c. 51, s. 6.

1988-11-09

24. Any person or company wishing to carry on a telecommunications undertaking shall apply to the Régie for authorization to that effect.

The same rule applies to any operating company wishing to

(1)  cease or alter its operations;

(2)  assign or amalgamate its undertaking;

(3)  acquire or establish any other undertaking.

1988, c. 8, s. 24.