The decision was taken at an all-party meeting convened by Chief Minister Mukul Sangma here today.
The meeting also resolved to propose to Assam that a similar all-party enitity be formed there too.
"We have decided to form an entity of all political parties, which will engage with the counterpart saying that since we have been able to evolve a mechanism (which is with the involvement of all political parties), Assam should also do the same," Sangma said.
According to the Chief minister, the entity will come up will start rolling before the Independence Day.