Form M-20 and Co-operative Housing Society

This query is : Resolved 

03 December 2010

The Managing Committee of our Co-op. Housing Society has not filed form M-20. What is the procedure to be followed for the committee to be able to file it at a delayed date? Is this allowed, if the General Body passes a resolution allowing such delayed filing? Can the general body also pass a resolution ratifying all the acts and deeds by the MC, during the period that the Form M-20 was not filed?

AMAR RANU (Expert)
04 December 2010

If the M-20 was not executed within 15 days from the date of assuming office,the whole committee has already dead and gone in the eyes of law.
No power on earth can revive it.
Approach the Registrar for its cremation and get the Administrator appointed immediately.
Amar Ranu

Ajay Dand (Querist)
05 December 2010

Well, we would like to avoid going to the registrar. Can the General Body re-elect the committee and the formality of filing M-20 be carried out within the prescribed 15 days, within obtaining the GB's sanction?

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