NISM Certifications · NISM-Series-VI: Depository Operations · Investor Services (NISM VI)
A BO has lost his DIS booklet. What should the DP advise him to do?
The BO should inform the DP in writing immediately, so the missing slips are blocked and no instruction on them is processed. Slips do not lapse automatically, and waiting for a fraud to occur would expose the investor to loss.
- ADo nothing, since unused slips become invalid after a month automatically
- BInform the DP in writing immediately so that the lost slips can be blocked and no instruction on them is processedCorrect
- CAsk the issuer company to cancel the slips
- DWait until a fraudulent instruction is executed and then file a complaint
Explanation
The BO should notify the DP in writing at once so the DP can stop acceptance of the missing slips and issue a new booklet. Slips do not expire automatically, and issuers do not handle DIS. Waiting exposes the BO to loss.
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