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 : I. The Institute should consult investors before fixing the duration of validity period. II. The investors should be duly informed about the validity period. III. List of schemes covered under this validity period should be communicated.

The correct answer is: Only I and II follow.

The Institute should consult investors before fixing the duration of validity period because it is important to get their feedback and ensure that the duration is reasonable. The investors should also be duly informed about the validity period so that they can plan accordingly. However, there is no need to communicate the list of schemes covered under this validity period, as this information is already available to investors.

Here is a more detailed explanation of each option:

• Option I: The Institute should consult investors before fixing the duration of validity period. This is because it is important to get their feedback and ensure that the duration is reasonable. For example, if the duration is too short, it may be inconvenient for investors to transfer their investments. On the other hand, if the duration is too long, it may be difficult for the Institute to manage its investments.
• Option II: The investors should be duly informed about the validity period. This is because they need to know when their transfer forms will expire. If they do not know the validity period, they may miss the deadline and have to pay a penalty.
• Option III: List of schemes covered under this validity period should be communicated. This is not necessary, as this information is already available to investors. The list of schemes covered under the validity period is usually published on the Institute’s website or in its annual report.

Therefore, only options I and II follow.