The COA, in a strongly-worded letter to the committee's convener -- BCCI treasurer Aniruddh Chaudhry --gave a detailed explanation of the scope and role of the sub-committee.
The COA issued an 11-point rebuttal to the committee's query on its role. This comes after finance committee's decision to put on hold -- all the players' monetary benefit related policies (including hike in women's Central Contracts).
Finance committee chairman Jyotiraditya Scindia had left last Thursday's meeting early after posing a question about the "scope and role" of the committee and asked the CEO Rahul Johri to get clarification from the COA.
The most important is point No.10 which states: "Please note that the Finance Committee (as also various other committees) do not find mention in the list of committees included in the draft BCCI constitution that is in line with the recommendations of Hon'ble Justice Lodha Committee (as accepted by the Supreme Court).
"Accordingly, the above position will continue only until the new BCCI constitution, as per reforms mandated by the Hon'ble Supreme Court, is adopted."
The letter, also in one way, vindicated Scindia's doubts that the finance committee is merely a rubber stamp without much powers.
In points 8 and 9, the COA reminded committee members that there have been times when they have just ratified decisions of other committees rather than taking any decisions themselves.
"Even decisions taken at the level of Hon Treasurer have been placed before the finance committee for them to merely take note. Therefore, there is no occasion for any 'confusion with regard' to mandate of the finance committee," it stated.
The COA also reminded Scindia and Chaudhry that the last finance committee meeting was held on August 22, 2016, five months before the COA came into effect.
The COA, then in a sternly-worded Point 9, stated: "Therefore the Committee Of Administrators is not obliged to elicit the views of the Finance Committee on every decision, which may have financial implications on the BCCI, but may choose to refer specific issues/matters to elicit the views of the finance committee where the Committee Of Administrators considers necessary.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
