The BCCI is under intense pressure to take a tough stand as it is a second case of spot-fixing in the cash-rich IPL and indications are that they could even contemplate handing out life bans on the basis of preliminary report by its anti-corruption unit.
The Board's anti-corruption unit chief Ravi Sawani is also expected to be present at the meeting and brief the members on the issue which has cast a shadow on the league.
BCCI President N Srinivasan and IPL Chairman Rajeev Shukla have also promised stringent action against those found guilty and it remains to be seen whether immediate punishments are handed down even though the inquiry report is still awaited.
Sawani has been given 30 days time to submit his preliminary report but some Board members are in no mood to wait for so long and are pressing for a strong message to be sent out immediately.
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A special cell of the Delhi police arrested India pacer S Sreesanth and his Rajasthan Royals teammates -- Ajit Chandila and Ankeet Chavan -- for indulging in spot-fixing in at least three IPL matches as per arrangements with bookies who have underworld connections abroad.
The players, who have been suspended by the BCCI, have been brought to Delhi and charged under section 420 (cheating) and 120-B (criminal conspiracy) of the IPC.
IPL Chairman Rajeev Shukla has already warned of "strongest possible action" against players found guilty.
"We have called an emergency Working Committee meeting in Chennai on Sunday. We will discuss the entire issue before deciding the future course of action," Shukla said.
"We will be taking some important decisions. The strongest possible action will be taken against the guilty. Whoever is found to be involved in spot-fixing, will not be spared," he said.
Shukla said the IPL Governing Council will try its best to keep the tournament clean and ensure that it's image does not take a further beating.