NISM Certifications · NISM-Series-VI: Depository Operations · Investor Services (NISM VI)
Mr. Sandeep Rao lost his Delivery Instruction Slip (DIS) booklet. What is the most appropriate step he should take with his DP?
He should promptly inform the DP in writing about the lost DIS so the missing instruction slips can be stopped and a new booklet issued. Delay risks unauthorised transfers. Closing the account or having securities deleted is neither required nor permitted as a remedy.
- AWait until the DIS is misused before informing the DP
- BInform the DP in writing immediately so that the lost DIS can be stopped and a new booklet issuedCorrect
- CClose the demat account and open it again with a different PAN
- DAsk the depository to delete the securities
Explanation
A lost DIS can be misused for unauthorised transfers, so the BO should immediately notify the DP in writing, who will block the lost slips and issue fresh ones. Waiting increases risk, and closing the account or deleting securities is unnecessary.
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