Penalty for failure to comply with notice

(1) Any person who, without reasonable excuse, fails to comply with a notice issued under section 8C(1) commits an (2) Any person who in purported compliance with a notice issued by the Board under section 8C(1)– (a) provides information which he knows to be false or misleading in a material respect; or 44 (b) recklessly provides information which is false or misleading in a material respect, commits an offence. (3) Any person who, for the purpose of obstructing or frustrating compliance with a notice issued by the Commission under section 8C(1), destroys, mutilates, defaces, hides or removes a document, commits an offence. (4) Any person who commits an offence under this section shall be liable for each offence on summary conviction– (a) to a fine not exceeding twenty-five thousand dollars or to imprisonment for a term not exceeding one year, or to both such fine and term of imprisonment; and (b) where an offence under sub-section (1) is a continuing offence, a fine of two hundred fifty and dollars for each day during which the offence continues.