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          <h1>Making False Statements or Concealing Facts to Promote Unregulated Deposit Schemes is Prohibited under the Banning Act, 2019.</h1> No individual, regardless of title, is permitted to knowingly make false, deceptive, or misleading statements, promises, or forecasts, or deliberately conceal material facts, to persuade someone to invest in or join any Unregulated Deposit Scheme. This provision is part of the Banning of Unregulated Deposit Schemes Act, 2019, under Indian law, aimed at preventing wrongful inducement related to such schemes.

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