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        Indian Laws

        Section 5 - Wrongful inducement in relation to Unregulated Deposit Schemes.

        Banning of Unregulated Deposit Schemes Act, 2019
        Chapter II
        BANNING OF UNREGULATED DEPOSIT SCHEMES

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        Wrongful inducement: prohibition on false or deceptive statements and concealment to induce participation in unregulated deposit schemes. Prohibits wrongful inducement in relation to unregulated deposit schemes by forbidding making knowingly false, deceptive or materially misleading statements or deliberately concealing material facts to induce another person to invest in or join such a scheme.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Wrongful inducement: prohibition on false or deceptive statements and concealment to induce participation in unregulated deposit schemes.

                              Prohibits wrongful inducement in relation to unregulated deposit schemes by forbidding making knowingly false, deceptive or materially misleading statements or deliberately concealing material facts to induce another person to invest in or join such a scheme.


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