The object of wrongful inducement under Section 5 of the Banning of Unregulated Deposit Schemes Act,…
Section 5 targets false statements or concealment made "to induce another person to invest in, or become a member or participant of any Unregulated Deposit Scheme". Inducing…
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The object of wrongful inducement under Section 5 of the Banning of Unregulated Deposit Schemes Act, 2019 is to induce another person to:
Answer and explanation
Correct answer B
Section 5 targets false statements or concealment made "to induce another person to invest in, or become a member or participant of any Unregulated Deposit Scheme". Inducing investment in a regulated scheme or a mutual fund is outside this section.