Pooled Development Funds Act 1992
If the Board is satisfied that a person holds shares in a PDF in contravention of section 31 , the Board may, by notice in writing to the person, direct the person to dispose of a specified number of those shares.
36(2) [Reasonable period for compliance]A direction must specify a reasonable period within which it must be complied with.
36(3) [Compliance by shareholder]A person must, within the specified period, comply with a direction given to the person.
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