What precautions, the Demat account holder(s) need to observe with respect to Delivery Instruction Slips [DIS]?
The following precautions are to be taken by a Demat account holder (these should be advised by branch DP to the client): • Account holder should ensure and insist with branch DP to issue DIS book; Branch DP should not issue loose slips. • Ensure that DIS numbers are pre-printed and branch DP takes acknowledgment from the client for the DIS booklet issued to him/her. • Client should ensure that his/her account number [client id] is pre-stamped. • If Demat 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. • Client is advised not to leave signed blank DIS with anyone viz., broker/sub-broker/branch’s staff. • 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. • The client should fill in target account ID and all details in DIS herself/himself.
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