47Power to control advertising

47 Power to control advertising

47 Power to control advertising

(1) The Registrar may, by written notice given to a co-operative housing body, direct it—

(a) not to issue an advertisement, or

(b) not to issue an advertisement of a specified kind, or

(c) not to issue an advertisement that is substantially in the same form as an advertisement that has been issued before, or

(d) to include in an advertisement of a specified kind, or in an invitation to invest in or lend amounts to the body, information relating to the body that is required by the Registrar to be included.

(2) Directions under subsection (1) may be varied or revoked by further written notice given to the body by the Registrar.

(3) A body that fails to comply with a direction under this section commits an offence.

Maximum penalty—50 penalty units.