Offences and penalties

(1) Any person who, (a) wilfully makes a misrepresentation in any document required to be filed, furnished or delivered under this Act or the regulations, as the case may be; (b) wilfully makes any statement or gives any information for the purposes of this Act or the regulations that he knows to be false or misleading; (c) knowingly fails to disclose any fact or information required to be disclosed for the purposes of this Act or the regulations; or (d) being in charge of or having possession of or control over any information, records, books or other documents referred to in section 36 of this Act, refuses or wilfully neglects to comply with any lawful direction given under that section, commits an offence under this Act and is liable on conviction to a fine of not less than five thousand dollars and not more than fifty thousand dollars or to imprisonment for a period not exceeding two years, or to both such fine and period of imprisonment. (2) Any person who, without reasonable cause, contravenes any provision of this Act or the regulations for which no penalty is provided, commits an offence against this Act, and is liable on conviction, (a) in the case of a body corporate or unincorporated, to a fine of not more than fifty thousand dollars; and 38 (b) in the case of an individual, to a fine of not more than five thousand dollars or to imprisonment for a period not exceeding one month, or to both such fine and period of imprisonment. (3) A prosecution for an offence under this Act may be commenced within five years from the date of the commission of the offence but not thereafter. Schedules. First