Vengsarkar, who played 116 Tests, will lead the five-member panel whose other members were yet to be decided, sources said after a meeting of its Managing Committee today.
The 59-year-old former cricketer had contested the MCA's elections held last week and was elected as one of the two Vice-Presidents.
Meanwhile, the Managing Committee also decided to revert one of its oldest tournaments - the Dr H D Kanga League - to its original dates - in the midst of monsoon instead of at the tail-end of the season as was the case over the last two years.