(1) An enterprise which commits an offence under section 40 is liable on summary conviction to a fine of not less than five hundred penalty units and not more than one thousand penalty units and in the case of a continuing offence to an additional fine of not less than twenty five penalty units and not more than fifty penalty units in respect of each day that the offence continues.

(2) The Centre may in addition to the conviction under subsection(1), in consultation with the appropriate agency

(a) suspend the registration of an enterprise;

(b) cancel the registration of an enterprise;

(c) order the payment or part-payment to the appropriate agency of fees, taxes, duties and other charges in respect of which benefits were granted to the enterprise;

(d) revoke some or all of the incentives granted to the enterprise;

(e) advise the Bank of Ghana to suspend any remittance including transfer of capital, profits and dividends from or by that enterprise; and

(f) take any other action that the Board considers appropriate.