in the Winter session. It was first promulgated on July 18, 2013 and then again on September 16.
The fresh powers would also help the market regulator to more effectively clamp down on illicit money pooling activities, or ponzi schemes, especially since such incidents have been on the rise in recent times.
Under the amended law, Sebi can regulate any money pooling scheme worth Rs 100 crore or more and attach assets in cases of non-compliance. Besides, its chairman can order search and seizure operations.