Offences and penalties

(1) Any person who contravenes or fails to comply with, or who causes or permits any contravention of, or failure to comply with, any term or condition of a consent of the Minister granted under section 9(1) of this Act, commits an offence and shall be liable on summary conviction to a fine not exceeding twenty-five thousand dollars. (2) Any person who, in connection with an application under section 10 of this Act for the consent of the Minister for the incorporation of a protected cell company, or for the conversion of an existing company into a protected cell (a) makes a statement which he knows or has reasonable cause to believe to be false, 30 deceptive or misleading in a material particular; (b) recklessly makes a statement, dishonestly or otherwise which is false, deceptive or misleading in a material particular; (c) produces or furnishes or causes or permits to be produced or furnished any information or document which he knows or has reasonable cause to believe to be false, deceptive or misleading in a material particular; or (d) recklessly produces or furnishes or recklessly causes or permits to be produced or furnished, dishonestly or otherwise, any information or document which is false, deceptive or misleading in a material particular, commits an offence and shall be liable on summary conviction to a fine not exceeding twenty-five thousand dollars or to imprisonment for a term not exceeding six months, or to both such fine and term of imprisonment.