s 42 Power to make directions
42.—(1) If the Authority is satisfied that a person has contravened section 40(1), (2), (3), (4) or (8) or has failed to comply with any condition imposed under section 40(6), or if the Authority has served a written notice of objection under section 41, the Authority may, by written notice —(a) direct the transfer or disposal of all or any of the shares in the licensed credit bureau held by the person or any of the person’s associates (called in this section the specified shares) within such time or subject to such conditions as the Authority considers appropriate; (b) restrict the transfer or disposal of the specified shares; or (c) make any other direction that the Authority considers appropriate. (2) In the case of any direction made under subsection (1)(a) or restriction made under subsection (1)(b), until a transfer or disposal is effected in accordance with the direction or until the restriction on the transfer or disposal is removed, as the case may be —(a) no voting rights may be exercised in respect of the specified shares unless the Authority expressly permits such rights to be exercised; (b) no shares of the licensed credit bureau may be issued or offered (whether by way of rights, bonus or otherwise) in respect of the specified shares unless the Authority expressly permits such issue or offer; and (c) except in a liquidation of the licensed credit bureau, no payment may be made by the licensed credit bureau of any amount (whether by way of dividends or otherwise) in respect of the specified shares unless the Authority expressly authorises such payment. (3) Subsection (2) has effect despite any provision of the Companies Act 1967 or anything contained in the licensed credit bureau’s constitution.