3 Questions
How does the electronic management PAL facility work?
The electronic management PAL facility credits a provisional allotment of rights into the CDS accounts of entitled shareholders and debits it prior to the listing of the securities.
What are the benefits of the expedited prescription process for listed companies and investors?
The expedited prescription process allows listed companies to obtain funds sooner and investors to obtain new securities faster.
Explain what PAL is and what it entitles shareholders to do in a public listed company.
PAL is the document that gives shareholders the right to apply for a specific number of additional securities in a public listed company at a prescribed price through a rights issue.
Test your knowledge of Provisional Allotment Letter (PAL) and electronic management PAL facility with this quiz. Learn about shareholders' rights and the process of applying for additional securities in a public listed company through a rights issue.
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