(1) A company commits an offence and is liable on summary conviction to a fine of $5,000, if—
(a) the company contravenes section 18(1), 315, 316, 317 or 319;
(b) the management of the company without reasonable cause fails to comply with section 141(1); or
(c) the company without reasonable cause contravenes section 153 or 155.
(2) When a company commits an offence under this section, any director or officer of the company who knowingly authorised, acquiesced in or permitted the contravention also commits an offence and is liable on summary conviction to a fine of $5,000 or to imprisonment for a term of 6 months, or to both.