Draft M 20 Form for Society Office Bearers
To be given on Stamp Paper of Rs. 200
FORM M-20
(See Rule 58-A)
I, Shri/Smt. ____________________________________________________ age
____________ resident of _______________________________________________
have been elected on the Managing Committee of _____________________________ society for the period ____________________________________________________.
I have assumed office from __________________________________________
I declare today i.e. ______________ that I shall be jointly and severally responsible for all the decision taken by the committee during its term relating to the business of the society and shall be jointly and severally responsible for all the acts and omissions detrimental to the interest of the society as provided in Section 73 (1AB) of the act.
Signature of Managing Committee Member
Seal of the
Society
Date
Place
Signature of Witness (Secretary/Chief Executive Officer)
Can more that one committee members execute M20 in one form?
In last 5 Years, our Society has not filled the M20 Form, what will be the consequences.
Its been debated whether one requires an M20 for housing societies or not and the request has infact reached the authorities that decide on this BUT till that time its not too late to start observing this procedure.