27 June 2017 last updated at 20:34 GMT
 
Limaye likely to step down from CoA
Saturday 10 June 2017

Limaye likely to step down from CoA
He was appointed by the Supreme Court in the four-member CoA in January
Vikram Limaye, the Chief Executive Officer of the Infrastructure Development Finance Company (IDFC), who was appointed as a member of Committee of Administrators (CoA) in January, is set to let go off his duties in order to take over as the new CEO of the National Stock Exchange (NSE).
While the Securities and Exchange Board of India (SEBI) has approved Limaye's appointment, he can only take up the new role after relinquishing his administrative duties at the BCCI. Limaye can approach the Supreme Court only when it reopens in July for clarifications.
Late last month, noted historian Ramachandra Guha tendered his resignation to Vinod Rai, Chairman of the CoA, and a vacation bench comprising Justices M M Shantanagoudar and Deepak Gupta was informed by Guha's counsel about the same. Guha's strongly-worded resignation letter to Rai, explained how the 'superstar syndrome' and the constant breaches of conflict of interest had left him disillusioned with the system.
Earlier in January this year, the Supreme Court had appointed former comptroller and auditor general Vinod Rai as the head of the four-member committee to oversee the day to day functioning of the Board of Control for Cricket in India (BCCI) and to ensure the smooth implementation of the Lodha panel's reforms.
The panel also comprises former women's cricket team captain Diana Edulji.

Vikram Limaye, the Chief Executive Officer of the Infrastructure Development Finance Company (IDFC), who was appointed as a member of Committee of Administrators (CoA) in January, is set to let go off his duties in order to take over as the new CEO of the National Stock Exchange (NSE).

While the Securities and Exchange Board of India (SEBI) has approved Limaye's appointment, he can only take up the new role after relinquishing his administrative duties at the BCCI. Limaye can approach the Supreme Court only when it reopens in July for clarifications.

Late last month, noted historian Ramachandra Guha tendered his resignation to Vinod Rai, Chairman of the CoA, and a vacation bench comprising Justices M M Shantanagoudar and Deepak Gupta was informed by Guha's counsel about the same. Guha's strongly-worded resignation letter to Rai, explained how the 'superstar syndrome' and the constant breaches of conflict of interest had left him disillusioned with the system.

Earlier in January this year, the Supreme Court had appointed former comptroller and auditor general Vinod Rai as the head of the four-member committee to oversee the day to day functioning of the Board of Control for Cricket in India (BCCI) and to ensure the smooth implementation of the Lodha panel's reforms.

The panel also comprises former women's cricket team captain Diana Edulji.

BCCI struck a ‘good deal’ with ICC: Rai
CoA chief Vinod Rai believes the Indian board have received the perfect balance in the terms of revenue
Was not aware of rift: Amitabh
BCCI acting secretary says when he made made Kohli-Kumble statement he didn’t see any smoke