(1) A person guilty of an offence under section 4, 11, 13, 20, 24, 26, 28, 29 or 30 shall be liable -

(a) on summary conviction, to a fine not exceeding £1,000 or, in the case of an individual, to imprisonment for a term not exceeding 12 months or to both, or

(b) on conviction on indictment to a fine not exceeding £50,000 or, in the case of an individual, to imprisonment for a term not exceeding 5 years or to both.

(2) A person guilty of an offence under section 12, 15, 16, 21, 25, 27, 31, 32, 40, 42 or 58 of this Act shall be liable -

(a) on summary conviction, to a fine not exceeding £1,000, or

(b) on conviction on indictment, to a fine not exceeding £50,000.

(3) A person guilty of an offence under section 14 or 36 shall be liable -

(a) on summary conviction to a fine not exceeding £1,000, or