Section 36 — Punishment for fraudulently inducing persons to invest money
Any person who, either
knowingly or recklessly makes any statement, promise or forecast which is false, deceptive or misleading,
or deliberately conceals any material facts, to induce another person to enter into, or to offer to enter into,—
(a) any agreement for, or with a view to, acqu iring, disposing of, subscribing for, or underwriting
securities; or
(b) any agreement, the purpose or the pretended purpose of which is to secure a profit to any of the
parties from the yield of securities or by reference to fluctuations in the value of securities; or
(c) any agreement for, or with a view to obtaining credit facilities from any bank or financial
Related sections
- Section 23 — Public offer and private placement
- Section 24 — Power of Securities and Exchange Board to regulate issue and transfer of securities,
- Section 25 — Document containing offer of securities for sale to be d eemed prospectus
- Section 26 — Matters to be stated in prospectus
- Section 27 — Variation in terms of contract or objects in prospectus
- Section 28 — Offer of sale of sha res by certain members of company
- Section 29 — Public offer of securities to be in dematerialised form
- Section 30 — Advertisement of prospectus
- Section 31 — Shelf prospectus
- Section 32 — Red herring prosp ectus
- Section 33 — Issue of application forms for securities
- Section 34 — Criminal liability for mis-statements in prospectus
- Section 35 — Civil liability for mis-statements in prospectus
- Section 37 — Action by affected persons
- Section 38 — Punishment for personation for acquisition, etc., of securities
- Section 39 — Allotment of securities by company
- Section 40 — Securities to be dealt with in stock ex changes
- Section 41 — Global depository receip t