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Indemnity bond sec 58 a of maharashtra co-operative societies rules 1961

Querist : Anonymous (Querist) 23 January 2012 This query is : Resolved 
In case a member is elected to managing committee he is required to furnisg form m20 Indemnity bond sec 58 A of Maharashtra Co-operative Societies Rules 1961.
However if associate member becomes MC member(on authority of memebr) than :
(i)both original & asscoiate member liable to fill m21.
(ii) Only associate memeber is liable to fill m 20
Report Abuse
Raj Kumar Makkad (Expert) 23 January 2012
Only associate member need to file m 20 in the given case.
V R SHROFF (Expert) 24 January 2012
only MC members to file m20

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