CoA wants State associations to follow new suggested funds policy
CoA has asked the state associations to accept the fund policy which will be discussed at the BCCI's SGM in Mumbai on June 26.
Published - Jun 15, 2017 11:20 am | Updated - Jun 15, 2017 11:20 am
The Committee of Administrators (CoA) that has been governing the Board of Control for Cricket in India (BCCI) has now requested the state associations to adapt a new fund policy. The state associations, in the recent times, have been complaining about not receiving sufficient funds from the parent BCCI.
Hence, the CoA has asked the state associations to accept the fund policy which will be discussed at the BCCI’s SGM in Mumbai on June 26. They surely wish to see an equal distribution of funds to the state associations and hence have cited the same as one of the prime recommendations made by Justice Lodha.
“One of the recommendations of the Hon’ble Justice Lodha Committee which has been accepted by the Judgment is that disbursement of funds by BCCI for cricket development need not be uniform but can depend on the need, infrastructure and other relevant criteria, formalized as a clear and equitable policy to incentivize Members to develop the sport,” a letter from CoA quoted.
“The Committee of Administrators requests that the enclosed fund disbursement policy be formally adopted at the SGM. Once that is done, the existing agreements entered into by the BCCI with the Member Associations will have to be amended to reflect the above,” it added further.
Transparency in functioning
Some of the key features of the new policy would be to ensure there is a clear utilization of funds for cricketing purposes only. Also, the conflict of interest has to be minimalized along with a transparent functioning in spending and accountability to the BCCI for the same.
“Although the new Memorandum of Association and Rules and regulations for the BCCI incorporates provisions relating to conflict of interest, the CoA believes that there is an immediate need to adopt the said provisions in the form of a new BCCI conflict of interest rules in place of the existing rules,” the letter read.
Adhere to the Memorandum of Association
It further added that a notice regarding the same has already been given to the BCCI and they are in compliance with the existing BCCI conflict of interest rules. All the new rules and policies formed from now on will be on the same lines and adhere to the existing Memorandum of Association and Rules and Regulations for the BCCI.
“The COA has already directed the BCCI management to ensure that all contracts that will henceforth be entered into by the BCCI are compliant with the new BCCI Conflict of Interest Rules. As the existing BCCI Conflict of Interest Rules had been adopted by the General Body, the new BCCI Conflict of Interest Rules are enclosed herewith for formal adoption during the SGM. The enclosed BCCI Conflict of Interest Rules have been formulated in a manner so as to make it compatible with the existing Memorandum of Association and Rules and Regulations for the BCCI,” the CoA letter explained.