A top IOA official told PTI that the notification to hold the special GBM was issued today.
"We have issued the notification today to hold the GBM on October 27," he said.
The IOA, in its Special GBM on August 25, had tried to dilute IOC's directive to bar chargesheeted persons from contesting elections by proposing that only those who have been convicted and sentenced for a jail term of two or more years be barred from contesting the polls.
Chautala and Bhanot were elected unopposed as president and secretary general of the IOA a day after the national Olympic body was banned by the IOC which had also declared the polls "null and void".
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The world body had set the deadline of October 31 to amend the IOA Constitution to bar the charge-framed persons from contesting the elections while asking to hold the polls before December 31.
"It's harsh on the part of IOC to ask India alone out of all other NOCs to bar charge-framed persons from contesting elections. Let us see what happens," he said.
"May be, we may have to amend the constitution according to what the IOC says. But nothing is decided yet and something concrete may emerge in the next few days," he added.
Another proposal doing the rounds is that the likes of Bhanot will be convinced not to contest elections which would be held under the two or more years conviction clause.