(1) For the prevention of any fraud or improper dealing or for any other sufficient reason, the Registrar may, either with or without the application of any person interested in the land, lease or hypothec after directing such inquiries to be made and notices to be served and hearing such persons as he or she thinks fit, make an order (in this Division referred to as a restriction) prohibiting or restricting dealings with any particular land, lease or hypothec.
(2) A restriction may be expressed to endure—
(a) for a particular period; or
(b) until the occurrence of a particular event; or
(c) until the making of a further order, and may prohibit or restrict all dealings or only such dealings as do not comply with specified conditions, and the restriction shall be registered in the appropriate register.
(3) The Registrar shall order a restriction to be entered in any case where it appears to him or her that the power of the proprietor to deal with the land, lease or hypothec is restricted.