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Text of the provision of Section 161(2) of Companies Act, 2013: The Board of Directors of a company may, if so authorized by its articles or by a resolution passed by the company in general meeting, appoint a person, not being a person holding any alternate directorship for any other director in the company, to act as an alternate director for a director during his absence for a period of not less than 3 months from India. The following procedure is to be followed for Appointment of an Alternate Director :- https://lexcomply.com/ikx8

Director Identification Number (DIN) means an identification number allotted by the Central Government to any individual, intending to be appointed as director or to any existing director of a company, for the purpose of his identification as a director of a company.[Rule 2(d) of Companies (Appointment and Qualification of Directors) Rules, 2014]. The following procedure is to be followed for application and allotment of DIN [Section 153 to 158 and Rule No. 9 to 12 of the Companies (Appointment and Qualification of Directors) Rules, 2014]- To know more please visit: - https://lexcomply.com/Procedure-under-Companies-Act-2013.php?page=Application-&-Allotment-of-DIN-to-a-proposed-Director-of-a-company&key=NDM=

Auditor shall be appointed in First annual general meeting to hold office till the conclusion of sixth annual general meeting of the Company. . [Section 139 (1) and Rule 3(7) of Companies (Audit and Auditors) Rules, 2014] The following procedure is to be followed for appointment of an auditor at the first Annual General Meeting [Section 139 & 141 and Rule No. 3, 4 and 10 of the Companies (Audit and Auditors) Rules, 2014] - https://lexcomply.com/l9u5

Awareness of Business Process Management is spreading like fire. Everyone is talking about bringing about change in their business Processes either to sustain the business or to book their profits. Considering the increasing interest in improving Business Process, there are a lot of agencies which have created a business out of it. Many agencies have come up with a variety of plans which claim to improve the business processes and bring about the desired change in the company's existing performance through efficient business processes. There are different schemes that these companies come up with, business process consultancy, project based business process management, business process outsourcing, and many other luring terms. These plans offered may seem promising and potent, but there are many flaws that these companies generally have. Of all the schemes, the most insisted scheme is Business Process outsourcing. As easy and convenient outsourcing of Business Process may sound, it has potential to many threats. Here are a few insights on BPM Outsourcing that explain how it will not benefit your company: 1. Integral to Business: A business process is never one that fits all. Each organization is unique and has its own way of functioning. In fact the uniqueness in these processes is the one that makes each enterprise different from the other. If business processes are outsourced, the uniqueness will have no meaning. 2. Confidentiality: In the cut throat competition where all the businesses procure at the same rate as well as all the products are priced at the same rate. The difference in profit margins is due to the difference in business processes of organizations. The cost cutting, and cost saving all are the outcomes of efficient business processes. No organization would want to make their profit earning secrets public. Outsourcing BPM means relieving all your business secrets to an outsider, making your ideas public! 3. Involvement: Any agency that offers Busin