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NISM Certifications · NISM-Series-VI: Depository Operations · Investor Services (NISM VI)

A beneficial owner (BO) wants to receive a fresh Delivery Instruction Slip (DIS) booklet from the Depository Participant (DP) because the earlier booklet is exhausted. Which statement best describes the DP's obligation when issuing the new booklet?

The DP should issue serially numbered, pre-stamped DIS against the requisition slip of the earlier booklet and record the issuance in a register. This ensures control, traceability and safety against misuse of instruction slips, and no account closure or loose slips are involved.

  1. AIssue pre-stamped serially numbered DIS to the BO against a requisition slip from the previous booklet, and record the issuance in a registerCorrect
  2. BIssue loose blank slips without serial numbers so the BO can use them flexibly
  3. CIssue the booklet to any person who presents it at the counter, without verifying identity
  4. DIssue the booklet only after the BO closes and reopens the demat account

Explanation

DPs must issue DIS that are pre-numbered and serially tracked, against the requisition slip of the earlier booklet, and maintain records of issuance. Issuing loose or unnumbered slips, or handing them over without verification, weakens control. Closing the account is never required.

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