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Section 5 - Banning of Unregulated Deposit Schemes Act, 2019
5. Wrongful inducement in relation to Unregulated Deposit Schemes.-
No person by whatever name called shall knowingly make any statement, promise or forecast which is false, deceptive or misleading in material facts or deliberately conceal any material facts, to induce another person to invest in, or become a member or participant of any Unregulated Deposit Scheme.
Related Sections
Related Acts
- Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits and Services) Act, 2016
- The Bharatiya Nagarik Suraksha Sanhita, 2023
- Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Act, 2018
- New Delhi International Arbitration Centre Act, 2019
- National Nursing and Midwifery Commission Act, 2023
* Only for reference.