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.
Section 5: Wrongful inducement in relation to Unregulated Deposit Schemes.
The Banning of Unregulated Deposit Schemes Act, 2019Central Act · Act 21 of 2019
Where this provision sits
| Act | The Banning of Unregulated Deposit Schemes Act, 2019 |
|---|---|
| Section | 5 |
| Marginal note | Wrongful inducement in relation to Unregulated Deposit Schemes. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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