BCCI appoints new auditor
Days after shifting the its treasurer’s office from Chennai — where former BCCI president N Srinivasan is based — to Mumbai, the Indian cricket board terminated the services of Chennai-based tax auditor firm.
“The Board of Control for Cricket in India (BCCI) has decided to shift its Treasury office from Chennai to Mumbai. Keeping in mind that all tax matters of the BCCI are with the Income Tax Office in Mumbai, the Board has decided to hire a Tax Advisor and Internal Auditor that operates out of Mumbai,” BCCI said in a statement. “Accordingly, the BCCI has hired M/S Gokhale & Sathe, a reputed firm based in Mumbai and having extensive experience in Trust matters, as its advisor on Direct Tax matters and as an Internal Auditor for the accounting year 2015-16 with immediate effect, in replacement of PB Vijayraghavan & Co. from Chennai,” it added.
The shift of the treasurer’s office to Mumbai from Chennai occurred a couple of days after the election of Shashank Manohar as the new BCCI President.
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The BCCI also uploaded its constitution, formally known as Memorandum And Rules and Regulations. Last revised in September 2012, it is there for all to view on bcci.tv. It has 52 pages with various heads and sub-heads.
After taking over as BCCI president on Sunday, Manohar had listed a set of reforms he said would be implemented with two months. Among other things, Manohar’s list included: appointing Ombudsman to address all the conflict of interests issues pertaining to players, administrators, attaching a government investigative agency to look after on-field corruption issues as BCCI doesn’t have investigative powers, appointing an independent auditor to check how the state associations are spending the BCCI’s annual grants which range from Rs 25-35 crore per association and uploading the BCCI constitution, balance sheet (already annual reports are uploaded), expenditures of over and above Rs 25 lakh on board’s website.
