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Ask QuestionPosted by Jangu Knowledge And Fun Tv 6 years, 1 month ago
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Yogita Ingle 6 years, 1 month ago
The need for outsourcing can be understood by the following points
o Focus on core activities – Outsourcing allows companies to focus on core activities that are core to the companies and important for the company, rest all the activities can be outsourced to other third-party service providers
o Cost reduction - To remain competitive, cost-cutting is important, many companies outsource their manufacturing to the developing and underdeveloped where labour is available cheap to cut down the production cost.
o Growth through alliances- Companies outsource some of the activities of other organisations and use there expertise and alliance, by this company also don’t need to make any investment and get access to their knowledge and skills.
o Stimulate economic development – Outsourcing provides an opportunity for entrepreneurs to start a new business which boosts the economy and provide employment to other people.
• Limitations of the outsourcing are mentioned below
o Confidentiality – You need to share a lot of vital and important information to the service providers and they have information about your business process. If the outsourcing partner does not preserve the information properly, it can be outsourced to the other business partner and can harm business.
o Ethical concern – for cost-cutting companies outsource the production and manufacturing to developing or underdeveloped countries, where child labour are used, work condition ate good and gender-based wages discrimination, which is not ethical as indirectly companies are using child labour for cost-cutting.
o Resentment in the country – when one company outsource its activity of another country from where they can get these services cheaper, it causes resentment in the home country as the job of home country people are outsourced to the other country.
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Yogita Ingle 6 years, 1 month ago
| Private Co. | Public Co. |
| It has minimum 2 and maximum 50 members. | It has minimum 7 and maximum unlimited. |
| It cannot invite general public to buy its shares and debentures. | It invites general public to buy its shares and debentures. |
| There are certain restrictions on transfer of its shares. | Its shares are freely transferable. |
| It can commence business after incorporation. | It can commence business after obtaining certificate of commencement of business. |
| It has to write Private Ltd. After its name
Ex- Tata Sons, Citi Bank, Hyundai Motor India. |
It has to write only limited after its name
Ex- Reliance Industries Ltd., Wipro Ltd. , Raymond’s Ltd. |
| In its minimum capital required is one lakh. | In its minimum capital required is five lakhs. |
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Yogita Ingle 6 years, 1 month ago
During the times of emergency in the Indian Union the President is vested with special powers and he also becomes the real head of the country.
The President of India has the power to declare three types of emergency. They are National Emergency, State Emergency and Financial Emergency.
According to Article 352 If the President believes that there is a threat to the security of India or to the security of a part of India, he has the power to declare National Emergency. But the President cannot declare National Emergency without the written advice of the Union Cabinet to avoid mis use of power.
Under Article 356 the President can declare 'State Emergency' or President's Rule either on the basis of a report of the Governor or otherwise that the constitutional machinery of that state has failed. During state Emergency, the President of India assumes all executive power of the state to himself. The state administration is run directly by him or through a person designated for the purpose by him. It is the Governor of state who runs the state administration on behalf of the President.
Under Article 360, the President of India can proclaim Financial Emergency if he is satisfied that the financial stability or the credit of India or of any part of its territory is threatened.
The National Emergency and Financial Emergency have no time limit. They can continue to be extended without any limit. But the State Emergency has a time-limit. It cannot go beyond three years.
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