https://www.taxtmi.com/caselaws?id=102490 A financial advertisement that projected unrealistic yields on deposits, suggested a long-term deposit structure the company was not entitled to maintain, and gave no dependable assurance of repayment was treated as misleading and deceptive, bringing it within the concept of an unfair trade practice under the Act. The same solicitation was also found prejudicial to public interest because it induced public deposits on doubtful returns and exposed investors to possible loss or injury, even if actual harm was limited in the case described. Injunctive directions against repeating such representations were warranted. en-us Fri, 13 May 1994 00:00:00 +0530 Tue, 02 Apr 2019 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102490 A financial advertisement that projected unrealistic yields on deposits, suggested a long-term deposit structure the company was not entitled to maintain, and gave no dependable assurance of repayment was treated as misleading and deceptive, bringing it within the concept of an unfair trade practice under the Act. The same solicitation was also found prejudicial to public interest because it induced public deposits on doubtful returns and exposed investors to possible loss or injury, even if actual harm was limited in the case described. Injunctive directions against repeating such representations were warranted. Case-Laws Companies Law Fri, 13 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102490