(1) If the Minister is satisfied that there is reasonable cause to do so or the fully paid up equity capital of a manager is less than any amount set in section 24 (3)(c) the Minister may direct the manager to provide such guarantees or other financial support as the Minister thinks fit within the time specified by the Minister.
(2) A manager who fails to comply with a direction given pursuant to subsection (1) commits an offence and is liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 3 years or to both.