In May 1992, as MMRDA does not possess the necessary experience and expertise in managing Nature Park and Educational Centres and WWF-I’s direct experience of actually managing a Nature Park is little, MMRDA decides to form Society named “Maharashtra Nature Park Society (MNPS)” under the Societies Registration Act, 1860, directly under the MMRDA and approved the Memorandum of Association and Rules of the MNPS.

In 5^th June, 1992 MNPS had been registered as Society under the Presidentship of Chief Secretary to Govt. of Maharashtra. The Board of Governor consist of 13 member which includes Secretory to various Govt. Departments like Forest, Environment, Urban Development and School Education, The Municipal Commissioner, MCGM, the Metropolitan commissioner, MMRDA, two Trustees from World-Wide Fund for nature (I) and four eminent persons in the field of Environment Education, Botany, Marine and landscaping to be nominated by this Executive committee, MMRDA.