Monthly Archives: January 2014

ILN Today Post

Prosecution of Companies in Liquidation for bouncing of cheques

Introduction

An economic slowdown generally brings along an increase in cases relating to insolvency and financial offences. Once such offence is that of cheque bouncing, which is not uncommon these days. Another facet of economic slowdown is the steep rise in the number of winding-up of companies through courts. In case of companies, cheque bouncing and winding up are like twins which may be born, when a company’s financial position is in doldrums. In this context, the special mention of Maharashtra and Delhi is necessary as these two regions together house the highest number of registered offices of companies limited by shares in India.1 As per details released by the Bombay High Court, in Maharashtra alone, there were 4.68 lakh cheque bouncing complaints instituted for the period from 1 April, 2010, to 31 March, 2012. A similar situation can be seen in Delhi where, for the year of 2008, around 2.93 lakh cheque bouncing complaints were instituted.2 More…

Read full article

McDonald Hopkins attorneys to speak at the 23rd Annual Ohio Tax Conference

Columbus, Ohio (January 2, 2014) – McDonald Hopkins will be a major sponsor of the 23rd Annual Ohio Tax Conference at the Hyatt Regency Columbus on January 28-29, 2014. The conference is considered to be the nation’s largest business tax conference. This year’s conference will focus on Ohio’s distinction as the, “Most Improved Business Climate in the Nation.”

Four McDonald Hopkins attorneys will be speaking at the conference, including:

Read full article