Penalty for false statement

If any person in any return, report, certificate, balance sheet or other document, required by or for the purposes of any of the provisions of this Act specified in Schedule IV hereto, 177 wilfully makes a statement false in any material particular, knowing it to be false, he shall be guilty of a misdemeanour, and shall be liable on conviction on indictment to imprisonment for a term not exceeding two years, and on summary conviction to imprisonment for a term not exceeding four months, and in either case to a fine in lieu of or in addition to such imprisonment as aforesaid, provided that the fine imposed on summary conviction shall not exceed five hundred dollars.