Section 5Central Act
Section 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.
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Sec 4 — Fraudulent default in Regulated Deposit Schemes.
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Sec 6 — Certain scheme to be Unregulated Deposit Scheme.
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