(i) direct that his registration be cancelled or that he be suspended from practice as a valuer for a period determined by the Council; (ii) order him to pay the expenses incurred in holding the inquiry and expenses incidental to the inquiry or any part of those expenses; (iii) impose a penalty, not exceeding an amount equivalent to a fine of level six, which penalty shall be payable to the Council; (iv) censure him; (v) caution him; and the Council shall give notice thereof and the reasons for its decision to the Registrar and the registered valuer concerned. (2) If a registered valuer who has been given notice of a direction of the Council referred to in subparagraph (i) of subsection (1) fails to lodge notice with the Registrar of his intention to appeal to the Administrative Court in terms of Part VI or, having lodged such notice, withdraws the notice or abandons his appeal, the Registrar shall cancel his registration or, as the case may be, mark his suspension from practice in the Register for the period determined by the Council. (3) Where the Council makes a direction in terms of subparagraph (i) of subsection (1), it may further direct that the valuer or former valuer concerned, as the case may be, shall not, for such period as it shall specify— (a) be employed in any capacity by any registered valuer or by any company or partnership referred to in section thirty-nine; or (b) hold, or attempt to obtain, any financial interest in any company or partnership referred to in section thirty-nine. (4) Any registered valuer or other person who, during the period in which a direction in terms of subsection (3) is in force— (a) employs in any capacity the person in respect of whom the direction was made; or (b) permits the person in respect of whom the direction was made to obtain or hold any financial interest in a company or partnership referred to in section thirty-nine; shall be guilty of an offence unless he shows that he was not aware of the existence of the direction or that the direction referred to the person who was employed by him or who was permitted to obtain or hold the financial interest, as the case may be. (5) A person guilty of an offence in terms of subsection (4) shall be liable to a fine not exceeding level five or to imprisonment for a period not exceeding six months or to both such fine and such imprisonment. 32 Persons employed by valuers (1) If, after due inquiry, the Council decides that a person who is not a registered valuer but who acts as a director of a company or a partner in a partnership referred to in section thirtynine, or who is employed by such a company or partnership— (a) is not a suitable person to perform the work of a valuer or to be associated with a company or partnership which is practising as a valuer; or - 13 -