Section 5: Wrongful inducement in relation to Unregulated Deposit Schemes

Q: What does Section 5 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) deal with?

Section 5 BUDS Act pertains to "Wrongful inducement in relation to Unregulated Deposit Schemes". It is part of the The Banning of Unregulated Deposit Schemes Act, 2019, a legislation enacted by the Parliament of India. Section 5 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) governs wrongful inducement in relation to Unregulated Deposit Schemes. As verified on 19 May 2026.

Q: Is Section 5 BUDS Act still in force?

Yes, Section 5 of the The Banning of Unregulated Deposit Schemes Act, 2019 is currently in force across the Republic of India.

Q: What is धारा 5 BUDS Act?

धारा 5 BUDS Act is the Devanagari Hindi reference for Section 5 of the The Banning of Unregulated Deposit Schemes Act, 2019. Section 5 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) governs wrongful inducement in relation to Unregulated Deposit Schemes. As verified on 19 May 2026.

Q: What is Dhara 5 BUDS Act?

Dhara 5 BUDS Act is the Roman Hindi reference for Section 5 of the The Banning of Unregulated Deposit Schemes Act, 2019. "Dhara" means "Section" in Hindi. Section 5 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) governs wrongful inducement in relation to Unregulated Deposit Schemes. As verified on 19 May 2026.

Q: How to cite Section 5 of The Banning of Unregulated Deposit Schemes Act, 2019?

Cite as: "Section 5, The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act)" in legal briefs. For academic writing, use the BlueBook format: The Banning of Unregulated Deposit Schemes Act, 2019, § 5 (India).

Law on Tips Editorial Board

- No person by whatever name called shall knowingly make any statement, promise or forecast which is false, deceptive or misleading in material facts or deliberately conceal any material facts, to induce another person to invest in, or become a member or participant of any Unregulated Deposit Scheme.