Section 5 of the Banning of Unregulated Deposit Schemes Act, 2019 also prohibits:
Section 5 bars any person from knowingly making a false, deceptive or misleading statement, promise or forecast, or from "deliberately conceal any material facts", to induce…
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Section 5 of the Banning of Unregulated Deposit Schemes Act, 2019 also prohibits:
Answer and explanation
Correct answer B
Section 5 bars any person from knowingly making a false, deceptive or misleading statement, promise or forecast, or from "deliberately conceal any material facts", to induce another to invest in an Unregulated Deposit Scheme. Default in repayment is dealt with by other provisions, such as sections 4 and 21(3).