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What precautions do I need to observe with respect to Delivery Instruction Slips [DIS]?

April 26, 2017DELIVERY instruction observe precautions respect slips

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What precautions do I need to observe with respect to Delivery Instruction Slips [DIS]?

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The following precautions are to be taken: • Ensure and insist with your DP to issue DIS book; do not use loose slips. • Ensure that DIS numbers are pre-printed and DP takes acknowledgment from you for the DIS booklet issued to you. • Ensure that your account number [client id] is pre-stamped. • If your account is a joint account, all the joint holders have to sign the instruction slips. Instruction cannot be executed if all joint holders have not signed. • Avoid using loose slips • Do not leave signed blank DIS with anyone viz., broker/sub-broker. • Keep the DIS book under lock and key when not in use. • If only one entry is made in the DIS book, strike out remaining space to prevent misuse by any one. • Please fill in target account-id yourself; and all details in the DIS yourself.