Offences

(1) Any person who makes a statement in any document, material, evidence or information which is required to be delivered to the Registrar under this Act which, at the time and in the light of the circumstances under which it was made, is false or misleading with respect to any material fact, or which omits to state any material fact the omission of which makes the statement false or misleading, commits an offence and is liable on conviction to a fine of up to a maximum amount of fifty thousand dollars or up to two years imprisonment, or to both fine and imprisonment. (2) A person does not commit an offence under sub-section (1), if he did not know that the statement was false or misleading and with the exercise of reasonable diligence could not have known that the statement was false or misleading. (3) Any person who wilfully takes or uses any name, title, addition or description falsely, implying that they are partners in a limited liability partnership or implying that they are partners in a partnership which is not a limited liability partnership, shall each commit an offence and is liable to a fine of up to a maximum amount of fifty thousand dollars or up to two years imprisonment, or to both a fine and imprisonment. (4) Where an offence under this Act is committed by a body corporate and is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of any director, manager, secretary, or other similar officer of the body corporate, or any person purporting to act in any such capacity, he, as well as the body corporate, commits the same offence and is liable in the same manner to the penalty provided for that offence.