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Personnel Management (HRD-II B.Com)

Personnel management  can be defined as obtaining, using and maintaining a satisfied workforce. It is a significant part of management concerned with employees at work and with their relationship within the organization. According to Brech, “Personnel Management is that part which is primarily concerned with human resource of organization.” Nature of Personnel Management Personnel management includes the function of employment, development and compensation- These functions are performed primarily by the personnel management in consultation with other departments. Personnel management is an extension to general management. It is concerned with promoting and stimulating competent work force to make their fullest contribution to the concern. Personnel management exist to advice and assist the line managers in personnel matters. Therefore, personnel department is a staff department of an organization. Personnel management lays emphasize on action rather than mak...
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Difference between Companies Act 2013 vs Companies Act 1956

  Courtesy: https://meraskill.com Sl No Point Companies  Act 2013 Companies Act 1956 1 Financial Year Companies must have their financial year ending on 31 Mar every year Companies were permitted to have financial year ending on a date decide by Company 2 Formats of Financial Statement Schedule III Schedule  VI 3 Maximum No of Partners As per rules, subject to Max 100.currently is 50 . 10 in banking business and 20 in any other business. 4 Max Shareholders in Pvt Ltd Company 200 excluding past and present employees 50 excluding past and present employees 5 One Person Company (OPC) Company which has only one person (natural person) as its member Did not exist 6 Issue of Share at discount Section 53 prohibits issue of shares at a discount However, Section 54   permits issue of ESOPs to its employees at a discount. Section 79 permitted issue of shares at a discount. 8 Security Premium Reser...
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Different Institutional Setups (SIDCO, SIPCOT, SISis)

Different Institutional Setups SIPCOT - State Industries Promotion Corporation of Tamil Nadu Limited Objectives SIPCOT has rendered fruitful services to the state by identifying, developing, maintaining industrial areas in backward and most backward talukas of the State, which had potential to grow. Establish, develop, maintain and manage industrial complexes, parks and growth centres at various places across the State of Tamil Nadu. SIPCOT's role in assisting the industrialization in the State is not only quantitative but also qualitative. To ensure a good impact with the available limited resources, SIPCOT has created Industrial Complexes and Parks, strategically located in Nineteen places and Twelve Districts, which occupy a place of pride in the State's industrial map. Functions of SIPCOT The Functions of State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) are ] Development of industrial complexes/parks/industrial e...
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