10 important rights and duties of the auditor of a company in India

Accounting
According to section 227 (1) of the Companies Act, 1956, a company auditor has the following rights: 1. Right of Access to Books of Accounts: ADVERTISEMENTS: Every auditor of a Company has a right of access at all times to the books of accounts and vouchers of the company whether kept at the head office of the company or elsewhere. Thus, the auditor may consult all the books, vouchers and documents whenever he so likes. This is his statutory right. He may pay a surprise visit without informing the Directors in advance but in practice, the auditors inform the Directors before they pay their visits. Image Source: ifaedu.in 2. Right to obtain Information and Explanations: He has a right to obtain from the Directors and officers of the company any…
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What Are The Important Functions Of National Tourist Organisation (NTO)?

Industry
The National Tourist Organisation (NTO) is the body responsible for the formulation and implementation of national tourist policy. It is the proper agency and instrument for the execution of the national government’s responsibilities for the control, direction and promotion of tourism.All countries which are engaged in tourism have a national tourism organisation which plays a leading role in both the formulation and the implementation of the government’s tourism programme.This organisation is also responsible for coordinating the different activities of all the bodies interested in tourism development. The national tourist organisation may be a full- fledged ministry, a directorate general, a department, corporation or board. ADVERTISEMENTS: There is, however, no set formula as to what constitutes the most satisfactory constitutional arrangement for the national tourism body. Tourism ranks as a full…
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Get Complete Information on 'Manila Declaration on World Tourism'

Accounting
The Would Tourism Conference which was held at Manila, Philippines in October 1980, considered the nature of tourism phenomenon in all its aspects and the role tourism is bound to play in a dynamic and vastly changing world.Convened by the World Tourism Organisation the conference also considered the responsibility of various states for the development and enhancement as more than purely economic activity of nations and peoples.The significance of tourism in developing countries camp up for detailed discussion during the conference. The participants in the World Tourism Conference attached particular importance to its effects on the developing countries. The conference from the beginning pronounced itself on this subject. Image Source : yellowreddk.files.wordpress.com ADVERTISEMENTS: It stated its conviction “that the world tourism can contribute to the establishment of a new international…
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4 Important Purposes Behind Group Formation in an Organisation

Marketing
Important purposes behind group formation Group formation has certain objectives. The purpose behind group formation may be task achievement, problem-solving, proximity or other socio-psychological requirements. Group formation is based on activities, interactions and sentiments. 1. Task accomplishment: The basic purpose of group formation is the achievement of certain objectives through task performance. ADVERTISEMENTS: Individuals come closer in order to understand the tasks and decide on the procedures of performance. In any organization, task accomplishment is the reason for which different groups such as an engineering group; marketing group, foreman’s group and personnel group are formed for achievement of the organizations’ goals. Image Source: iysigirl.com When an organization faces some procedural difficulties, concerned groups discuss them and evolve new techniques of production, marketing and other functions. 2. Problem Solving: When people…
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5 Important Stages of Group Development in an Organisation

Management
Group development has been studied to find out the purposes behind development. Different groups require different lengths of time for development.The development structure is heavily influenced by the nature of groups. The various stages of group development are forming, storming, norming, performing and adjourning. All the groups may not accept the same order of group development. Stages of Group Development in an Organisation 1. The first stage is forming: Wherein the group decides its own purpose, structure and leadership. Members decide what types of behaviour are acceptable. ADVERTISEMENTS: The membership is increased till the group is finally established. Individuals are brought together for the first time and a communication pattern is developed.The interdependence of members is decided as per the structure and goals of the group. They decide on plans…
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Short Notes on The National Rural Employment Programme (NREP)

Management
The NREP was launched in October, 1980, and became a regular Plan programme from April, 1981. The NREP will be continued in the seventh Plan as an important component of the anti-poverty strategy.NREP will have to be viewed as an integral part of the total package, which would imply that an effort would have to be made to direct and monitor the wage employment opportunities accruing through this Programme to members of the target group including those identified for assistance under the IRDP.The same principle would apply in the choice of projects which would, therefore, have to take account of labour intensity of projects, their capacity to provide reasonably long spells of employment during implementation, direction towards poor, long-term income and employment generation potential, capacity to create a base for…
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9 Important Conditions by which Group Behaviour is Greatly Influenced in Your Organisation

Management
Important conditions by which group behaviour is greatly influenced in your organisation are listed below:Groups work in society which is composed of multiple and diverse factors. Many factors are allied to the organization and others are alien to it. ADVERTISEMENTS: Group behaviour is greatly influenced by the conditions of the organization within which the groups perform.The organizational conditions include organizational strategy, authority, structure, formal regulations, organizational resources, the personnel selection process, physical work setting, organizational culture, performance evaluation and reward system and the social and economic conditions of the country. Image Source: irrationalscientist.com Important conditions 1. Organizational strategy: Organizational behaviour depends mainly on the organizational strategy.If the organizational strategy is to help the supervisor on all fronts, the employees will be directed towards that goal. ADVERTISEMENTS: Similarly, the behaviour of…
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6 Types of Accommodation Every Tourist Can Easily Find In India

Management
Although hotels have been and still are the principle form of accommodation, there has been a growth and development of some other forms in various parts at the world. These can classified on the basis of its be location, type of construction, type of management, etc. and are commonly known as supplementary accommodation.These may be described as the premises which offer accommodation, but not the services, of a hotel, services provided here is minimal and not comprehensive as in the case of hotel establishments.All establishments in this type of accommodation are designed to offer the possibility of stay overnight and meals in return for cash payment per day and on the basis of services provided. The standard of comforts is modest compared to that of a hotel. ADVERTISEMENTS: It plays…
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What Are The Salient Features Of The Environment Protection Act, 1986? (India)

Industry
This Act has been brought into force from November, 1986. Its salient features are:(a) Conferring powers on the Central Government to:(i) Take all necessary measures for protecting quality of environment, ADVERTISEMENTS: (ii) Co-ordinate actions of States, officers and other authorities under this Act,(iii) Plan and execute a nationwide programme for prevention, control and abatement of environmental pollution,(iv) Lay down standards for discharge of environmental pollutants, Image Source: fresenius-kabi.com ADVERTISEMENTS: (v) Empower any person to enter, inspect, take samples and test,(vi) Establish or recognise environmental laboratories,(vii) Appoint or recognise government analysts, (viii) lay down standards for quality of environment,(ix) Restrict areas in which any industries, operations or processes may not be carried out subject to certain safeguards, ADVERTISEMENTS: (x) Lay down safeguards for prevention of accidents and take remedial measures in…
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8 Most Important Features of Human Resource Management

Business
On the analysis of definitions of human resource management, the following features of HRM can be identified: Features 1. People Oriented: Human resource management is concerned with employees both as individuals and as a group in attaining goals.It is also concerned with behaviour, emotional and social aspects of personnel. It is the process of bringing people and organisations together so that the goals of each are met. Image Source: scionics.co.uk 2. Comprehensive Function: Human resource management covers all levels and categories of employees. It applies to workers, supervisors, officers, managers and other types of personnel. ADVERTISEMENTS: It covers both organised and unorganised employees. It applies to the employees in all types of organisations in the world. 3. Individual Oriented: Under human resource management, every employee is considered as an individual…
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