Securities and Exchange Board of India, SEBI has proposed a joint task force of financial regulators and intelligence agencies to check illicit money pooling of small unlisted companies and bring them under regulatory ambit. Under the existing regulations, any fund-raising worth Rs 100 crore or more from the public through any unregistered scheme, is deemed to be a Collective Investment Scheme, CIS and it comes under SEBI's jurisdiction. Besides, any fund raising exercise involving 50 or more investors is considered as a public offering and therefore it is also regulated by SEBI. However, there are many cases where companies claim to have raised funds from less than 50 investors and peg their total mop-up at below Rs 100 crore to avoid any regulatory glare. Most of these companies do not provide correct and complete information to the Registrar of Companies (ROC) and SEBI.