62. Every seller who, in respect of an amount contemplated in section 86,(1) fails to deposit the amount in trust with the depositary, at the time and according to the terms and conditions prescribed by regulation,
(2) withdraws the amount in whole or in part otherwise than as provided in paragraph 2, 5, 6 or 7 of section 31, or
(3) allows the amount to be transferred otherwise than as provided in the first two paragraphs of section 35,
is guilty of an offence and is liable to a fine of not less than $1,500 nor more than $75,000.