68. Penalty for fraudulently
inducing persons to invest money.—Any person
who either by knowingly or recklessly making any statement,
promise or forecast which is false, deceptive or misleading
or by any dishonest concealment of material facts, induces
or attempts to induce another person to enter into, or to
offer to enter into—
(a) any agreement for or with a view to acquiring, disposing
of, subscribing for, or underwriting shares or debentures;
or
(b) any agreement the purpose or pretended purpose of which
is to secure a profit to any of the parties from the yield
of shares or debentures, or by reference to fluctuations in
the value of shares or debentures,
shall be punishable with imprisonment for a term which may
extend to five years, or with fine which may extend to one
lakh rupees, or with both.
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