A person who—
fails to comply with a notice under section 793 (notice requiring information about interests in company's shares), or
in purported compliance with such a notice—
makes a statement that he knows to be false in a material particular, or
recklessly makes a statement that is false in a material particular,
commits an offence.
A person does not commit an offence under subsection (1)(a) if he proves that the requirement to give information was frivolous or vexatious.
A person guilty of an offence under this section is liable—
on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);
on summary conviction—
in England and Wales, to imprisonment for a term not exceeding twelve months or to a fine not exceeding the statutory maximum (or both);
in Scotland or Northern Ireland, to imprisonment for a term not exceeding six months, or to a fine not exceeding the statutory maximum (or both).