Redevelopment Information:
  Beware of Manipulations
  Commencement Certificate
  Duties of Developers
  Building Plans Agreements
  Guidelines
  Indemnity Bond
  Offer Through Tenders
  Right To Information
  Shifting to Alternate Accommodations
  Stages Of Approvals
  Stages Of Redevelopment
  Occupation Certificate Infrastructure
 
 
 
INDEMINITY BOND
 

Further, it is learnt that in many Societies, the Managing Committees, who execute the documents with the Developers, do not possess any legal holding as they have never filed/nor aware of filing the Indemnity Bond in Form M-20 on a Stamp required under Section 73(1AB) and Rule 58A of the Maharashtra Cooperative Societies Act 1960.

The members who fail to execute such Bonds within the specific period are deemed to have vacated his office as a member of the committee and no legal effects can be given to the documents executed by them with the Developers.

   
  Other Links:
  Redevelopment Procedure & Guidelines
  Redevelopment Rules & Regulations