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Pranab Mukherjee, the President of India on 18 July 2013 promulgated the Securities Law Amendment Ordinance 2013. The ordinance would grant Securities and Exchange Board of India (SEBI), the powers to regulate any pooling of funds under an investment contract involving a corpus of 100 crore rupees or more and attach assets in case of non-compliance. The ordinance was promulgated by the President following the powers granted to him by which article of the Constitution of India?

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