Terming the recent initiatives of Sebi like simplification in trading account forms as laudable,

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industry body CII today said they would facilitate greater investor participation in the capital market.

"Exhibiting sensitivity towards the users' need for simplification and meaningful disclosures, the initiatives will generate confidence in the domestic markets and also sends the right message to the international investing community," CII Director General Chandrajit Banerjee said.

The Securities and Exchange Board of India (Sebi) recently introduced measures like launch of web-based complaints redress system, simplification of trading account opening procedures, strict enforcement mechanism among others for investors' protection.

Banerjee also said the efforts of Sebi in enhancing surveillance and strengthening the enforcement mechanism would go a long way in protecting interest of inventors.

Referring to changes in the takeover code governing mergers and acquisitions, CII said that raising of initial trigger threshold to 25 per cent from 15 per cent would facilitate higher levels of investment and bring in the much needed capital.

The chamber added that continuance of the offer size at 26 per cent as against 100 per cent prescribed by Achuthan Committee (that recommended guidelines for take over code) have addressed the concerns of the industry with respect to higher acquisition cost.

It also that Sebi's decision to frame regulations for alternative investments and web-based complaints redress system would enhance investors' confidence.