law: Companies Act, 2013 
  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, acquiring, 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
  
  institution, shall be liable for action under section 447.