Fraudulently inducing Persons to Invest Money

Section 68 any person who, eitller knowingly or by 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 any agreement for, or with a view to acquiring, disposing of; subscribing for, or underwriting hare, or

debentures or (ii) any agreement the purpose of which is to secure profit to any of the parties from the yield of shares or debentures or by referenc’ to

fluctuations in value of shares or debentures; shall be punishable with imprisonment for a teoo which may extend to 5 years or with fine which may extend

to Rs. 1,00,000 or vith both.