(1) A company that is required under section 803 to exercise its powers under section 793 (notice requiring information about interests in company's shares) must exercise those powers in the manner specified in the requests.
(2) If default is made in complying with subsection (1) an offence is committed by every officer of the company who is in default.
(3) A person guilty of an offence under this section is liable -
(a) on conviction on indictment, to a fine;
(b) on summary conviction, to a fine not exceeding the statutory maximum.