Discussion
Statement: The Institute has fixed for the investors a validity period of one year for transfer forms for some of its listed schemes.
Courses of Action:
1. The Institute should consult investors before fixing the duration of validity period.
2. The investors should be duly informed about the validity period.
3. List of schemes covered under this validity period should be communicated.
Answer: C
Correct answer: Only II and III follow
Once a validity period has been fixed the necessary action is to communicate it: investors must know the period, and they must know which schemes it applies to. Both are practicable and both are needed for the decision to work. I is not a course of action on the situation described - the decision has already been taken, and consulting every investor before fixing an administrative period is not how such matters are settled.
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