Offences under this Part
49E.—(1)  Any person who —
(a)without reasonable excuse, refuses or fails to comply with an order under section 49D(1)(b), (c) or (d);
(b)in purported compliance with an order under section 49D(1)(b) or (c), furnishes to the Authority or transmits to the regulatory authority, any material or copy thereof known to the person to be false or misleading in a material particular; or
(c)in purported compliance with an order made under section 49D(1)(d), makes a statement to the Authority that is false or misleading in a material particular,
shall be guilty of an offence.
[41/2001]
(2)  Any person who is guilty of an offence under subsection (1)(a) shall be liable on conviction —
(a)in the case of an individual, to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or to both and, in the case of a continuing offence, to a further fine not exceeding $5,000 for every day or part thereof during which the offence continues after conviction; or
(b)in any other case, to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part thereof during which the offence continues after conviction.
[Act 11 of 2013 wef 18/04/2013]
(3)  Any person who is guilty of an offence under subsection (1)(b) or (c) shall be liable on conviction —
(a)in the case of an individual, to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or to both; or
(b)in any other case, to a fine not exceeding $100,000.
[Act 11 of 2013 wef 18/04/2013]