The decision to form the group was taken at the crucial IPL Governing Council meeting where members discussed the implications of the verdict, which saw Chennai Super Kings and Rajasthan Royals being suspended from the IPL for two years.
The BCCI said that it will adhere to the verdict in totality. The Board will reveal the names of the working group members tomorrow.
"The BCCI respects the verdict of the Lodha Commission and will abide by their decisions, in toto. The members recognised that there is an urgent need to understand the impact of this decision and the wider ramifications for the BCCI in detail, so as to uphold the paramountcy of the game in our country," the Board said in a statement after the meeting which lasted little over an hour.
The Board said the recommendations of the group will be sent to the BCCI's all-powerful working committee.
"This group will work within a time bound period of six weeks and report their recommendations to the IPL Governing Council, which will deliberate and share their views with the working committee of the BCCI, for further action," it said.
"All stakeholders have given their opinion, everybody is of the view that the show must go on. And I reiterate that IPL 9 will be bigger and greater," IPL Chairman, Rajeev Shukla asserted.
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