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NISM Certifications · NISM-Series-VI: Depository Operations · Functions of Depository Participant - Account Operations

Ms. Nair has lost her unused delivery instruction slip booklet. What should she ideally do first?

She should inform her DP in writing at once, giving the serial numbers of the lost slips. The DP then blocks those slips so they cannot be used for transfers, and issues a fresh booklet. Closing the account or waiting is unnecessary and risky.

  1. AWait until someone misuses a slip
  2. BInform the DP in writing so the unused slips can be stoppedCorrect
  3. CClose her demat account immediately
  4. DAsk the depository to reissue the shares

Explanation

A BO who loses unused DIS must promptly inform the DP in writing, quoting the slip serial numbers. The DP then stops those slip numbers so no instruction on them can be processed, and a fresh booklet is issued. Closing the account is unnecessary.

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