(1) If, with respect to an authorised friendly society, the Commission has reason to believe -
(a) that the society's business is being, or will in the future be, conducted -
(i) in a way that may not adequately protect the interests of members of the society; or
(ii) so as not to comply with the requirements of this Act which relate to the business for which the society's authorisation was granted; or
(b) that by reason of any increase in the volume of its long term or its general business it is appropriate for the society's affairs to be re-examined;
it may by notice direct the society to make within such period as is specified in the notice an application under section 32 above for fresh authorisation.
(2) The period so specified shall not be shorter than 3 nor longer than 6 months beginning with the date of the notice; but the Commission may, on representations being made to it, extend or further extend the period within which the application is to be made.