law: Companies Act, 1956
  Sec 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.