(1) The Registrar may require any person to furnish to him or her such particulars as he or she thinks necessary for the purpose of ascertaining whether or not such persons or the firm of which he or she is a partner should be registered under this Act, or an alteration made in the registered particulars, and may also, in the case of a corporation, require the secretary, or any other officer of a corporation performing the duties of secretary, to furnish such particulars, and if any person, when so required, fails to supply such particulars as it is in his or her power to give, or furnishes particulars which are false in any material particular, he or she is liable to a fine not exceeding $96, or to imprisonment for 3 months, or to both such fine and imprisonment.