The Union government on 17 July 2013 approved a proposal to amend SEBI Act for providing more powers to the market regulator to crack down on Ponzi schemes. Which statement/statements among the given options in form of power given to SEBI with the approval are true?1. SEBI regulator will get direct powers to carry out search and seizure operations and for attachment of assets, as part of efforts to crackdown on ponzi schemes.2. The SEBI would have powers to seek information, such as telephone call data records, from any persons or entities in respect to any securities transaction being probed by it.

• A. Both the Statements I and II are false
• B. Both Statements I and II both are true
• C. Only statement I is true
• D. Only Statement II is true