N Srinivasan
BCCI Chairman N Srinivasan (L) with Shashank Manohar.Reuters

The Board of Control for Cricket in India (BCCI) President N. Srinivasan's fate will be decided in an emergency meeting of the Working Committee in Chennai on Sunday.

Srinivasan has been defiant not to step down as BCCI president despite pressure from several quarters to step aside over the Indian Premier League (IPL) spot-fixing controversy that has rattled the cricket world.

It is reported that the BCCI board members want the president to step down pending the probe on his son-in-law Gurunath Meiyappan's association with bookies and his alleged role in the betting scandal.

The 24-member Working Committee of the BCCI has been reduced to 22 after the resignation of board secretary Sanjay Jagdale and treasurer Ajay Shirke in protest against the IPL spot-fixing scandal.

"The Board is a body of seasoned members, there won't be any shouting match. Everything will be done calmly," a seasoned administrator told the Hindustan Times ahead of Saturday's meeting, hinting that the BCCI president will be an honourable exit.

It was reported that Srinivasan has laid down four conditions for stepping aside as the president of BCCI, and they are 1) not to take back board secretary Sanjay Jagdale and treasurer Ajay Shirke who have resigned in protest against spot-fixing scandal; 2) that he choose the board secretary and treasurer; 3) he should represent India at the International Cricket Council (ICC); and 4) one of the board members should be the interim president.

However, the BCCI president has denied laying down any such condition for his exit.

Who May Replace Srinivasan - Arun Jaitley or Shashank Manohar?

Even before Srinivasan steps aside as BCCI president, speculations have started doing the rounds as to who would replace him. Two prominent names that have popped are Arun Jaitley and Shashank Manohar.

Arun Jaitley is the favourite to take over as president. He is a senior Bharatiya Janata Party (BJP) and BCCI vice-president.

Shashank Manohar is also a strong contender with a clean image. He was the BCCI president from 2008-2011 before Srinivasan took over the post from him in 2011.