—(1) The Authority may, by notice in writing, direct any broadcasting company to obtain from any of its shareholders and to transmit to the Authority information —
as to whether that shareholder holds any share in the broadcasting company as beneficial owner or as trustee; and
if the shareholder holds the share as trustee, to indicate, so far as he can, the person for whom he holds the share (either by name or by other particulars sufficient to enable that person to be identified) and the nature of his interest,
and the broadcasting company shall comply with that direction within such time as may be specified in the notice.
(2) The Authority may, by notice in writing, require any shareholder of a broadcasting company, or any person who appears from the information provided to the Authority under subsection (1) or this subsection to have an interest in any share in a broadcasting company, to inform the Authority —
whether he holds that interest as beneficial owner or as trustee, and if he holds the interest as trustee, to indicate, so far as he can, the person for whom he holds the interest (either by name or by other particulars sufficient to enable that person to be identified) and the nature of his interest; or
and the person shall comply with that notice within such time as may be specified therein.
(3) Any person who —
fails to comply with a notice under this section; or
in purported compliance of the notice, knowingly or recklessly makes a statement which is false in a material particular,
shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 3 years or to both and, in the case of a continuing offence, to a further fine not exceeding $5,000 for every day or part thereof during which the offence continues after conviction.