COA tells state units to accept Lodha reforms for receiving funds for hosting international matches

The Committee of Administrators (CoA) has instructed all the state units to sign a draft resolution prepared by them in order to get funds for hosting India's international matches this season.

PTI, Sep 18, 2017 23:24:26 IST

New Delhi: The Committee of Administrators (CoA) has instructed all the state units to sign a draft resolution prepared by them in order to get funds for hosting India's international matches this season.

India are playing 23 international matches including 11 ODIs, nine T20s and three Test matches against Australia, New Zealand and Sri Lanka respectively.

Some of the state units have already written to the CoA, indicating that they are facing fund crunch as they have not received grants from the BCCI.

File image of CoA chief Vinod Rai. AFP

File image of CoA chief Vinod Rai. AFP

Knowing well that it could be a pressure tactic from the defiant state units, the CoA has made it clear that non-compliance with regards to Lodha Committee reforms means that they won't get the funds.

As for the payments to various third parties — goods and services provider and vendors — are concerned, the BCCI will make direct payments and also have the said amount debited from each unit's suspense accounts.

The definition of suspense account reads: "A suspense account is an account in the general ledger in which amounts are temporarily recorded. It is used because the proper account could not be determined at the time that the transaction was recorded".

The two-part draft resolution that CoA wants the associations to sign states: "RESOLVED THAT the (Name of the Association) is agreeable to undertake, implement and support the reforms as proposed by the Hon'ble Justice Lodha Committee and accepted by the Hon'ble Supreme Court vide judgement dated 18th July 2016 in letter and spirit.

"RESOLVED FURTHER THAT in the event the Hon'ble Supreme Court passes any further orders in relation to the recommendations of the Hon'ble Justice Lodha Committee and/or the judgement dated 18th July 2016, such orders shall also be accepted and implemented within one month thereof."

 

Updated Date: Sep 18, 2017 23:24:26 IST


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5
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7
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8
Bangalore
9 2 7 0 4
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