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Indemnity Bonds

(Querist) 05 January 2011 This query is : Resolved 
In Maharashtra all elected Managing Committee members of the Co-operative Housing Societies have to submit an Indemnity Bond in Form 20 under section 73(1) of the MCS Act 1960 to the society within 15 days of taking charge.

This Indemnity Bond should be prepared on what denomination of stamp paper?

Is it necessary to execute same before a Magistrate or a Notary?
Report Abuse
Raj Kumar Makkad (Expert) 05 January 2011
Stamp Paper of Rs. 100/- which can even be got notarized.
VIJAY SHAH (Querist) 06 January 2011
Thank you Rajkumarji,THANK YOU VERY MUCH.

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