34 (1) Every person is guilty of an offence who, (a) makes, or assists in making a statement in any document required by or for the purposes of this Act or the regulations that, at the time and in light of the circumstances under which it was made, is false or misleading in respect of any material fact, or that omits to state any material fact the omission of which makes the statement false or misleading; (b) makes, or assists in making false or misleading entries in the records or books of account of an investment corporation or an eligible business; (c) knowingly fails to record material particulars in the records or books of account of an investment corporation or an eligible business; (d) fails to comply with an order, decision, direction, requirement or demand made under this Act or the regulations; or (e) contravenes this Act or the regulations.  1992, c. 18, s. 34 (1); 1997, c. 43, Sched. C, s. 23 (1); 2004, c. 16, s. 1 (2). Penalty (2) Every person who is guilty of an offence under subsection (1) is liable on conviction to a fine of not less than $1,000 and not more than $20,000, or to imprisonment for a term of not more than two years, or to both such fine and imprisonment.  1992, c. 18, s. 34 (2); 2004, c. 16, s. 1 (2). (3) Repealed:  2011, c. 9, Sched. 7, s. 7. Exception (4) No person is guilty of an offence under clause (1) (a) or (b) if the person did not know that the statement or entry was false or misleading, and in the exercise of reasonable diligence could not have known that the statement or entry was false or misleading.  1992, c. 18, s. 34 (4); 2004, c. 16, s. 1 (2). Failure to comply with demand (5) Every person who fails to comply with a demand issued under subsection 32 (2) is guilty of an offence and is liable on conviction to a fine of $200 for each day on which the offence occurs or continues.  1992, c. 18, s. 34 (5); 2004, c. 16, s. 1 (2). Failure to file return (6) Every investment corporation that fails to file a return at the time and in the manner required by section 22 or 23 is guilty of an offence and is liable on conviction to a fine of $200 for each day on which the offence occurs or continues.  1992, c. 18, s. 34 (6); 1997, c. 43, Sched. C, s. 23 (1); 2004, c. 16, s. 1 (2). Compliance (7) Every person who hinders, molests, or interferes with a person authorized by the Minister to perform a duty under this Act or the regulations, or who prevents or attempts to prevent a person authorized by the Minister from doing anything which that person is authorized to do, is guilty of an offence and on conviction is liable to a fine of not less than $1,000 and not more than $10,000.  1992, c. 18, s. 34 (7); 2004, c. 16, s. 1 (2). Failure to keep records (8) A investment corporation or an eligible business that fails to comply with a requirement by the Minister to prepare or maintain records and books of account is guilty of an offence and on conviction is liable to a fine of $200 for each day on which the offence occurs or continues.  1992, c. 18, s. 34 (8); 1997, c. 43, Sched. C, s. 23 (1); 2004, c. 16, s. 1 (2). Officers, etc., of corporations (9) If a corporation commits an offence against this Act, an officer, director, employee, shareholder or agent of the corporation who directed, authorized, assented to, acquiesced in, or participated in the commission of the offence is guilty of the offence and on conviction is liable to the punishment provided for the offence whether or not the corporation has been prosecuted or convicted.  1992, c. 18, s. 34 (9); 2004, c. 16, s. 1 (2). Limitation period (10) A proceeding in respect of an offence under this Act shall not be commenced later than six years after the date when the offence was, or is alleged to have been, committed.  1992, c. 18, s. 34 (10); 2004, c. 16, s. 1 (2). Section Amendments with date in force (d/m/y) 1997, c. 43, Sched. C, s. 23 (1) - 7/05/1997 2004, c. 16, s. 1 (2) - 1/01/2004 2011, c. 9, Sched. 7, s. 7 - 12/05/2011