The Bangladesh Cricket Board (BCB) amended the two clauses of the constitution during its Annual General Meeting (AGM) today held at a hotel in the city to facilitate the progress of the country's cricket.
The amendment saw BCB to launch BCB TV which will be helpful in promoting domestic cricket.
BCB CEO Nizam Uddin Chowdhury said they have amended the constitution to allow them to adopt risk-free, profitable, and investment arrangements to finance the activities undertaken for the development of cricket from their funds, reports BSS.
After the amendment, the BCB will be able to purchase any of their equipment independently, what they earlier did through a third party.
'In order to fasten our financial activities and according to the legal advice, we have made the amendment. As you know, we have to meet the compliance requirements of the Bangladesh Bank for any financial transaction. And we amended the articles by considering these factors,' he said following the AGM.
Earlier in the meeting, BCB president Nazmul Hasan Papon revealed that the budget for the ongoing fiscal year from July 1,2023,to June 30, 2024, was also ratified unanimously by the councilors during the AGM.
'The probable earning of the year was TK 446 crore while the total possible expenditure TK 407 crore including the BPL.'
He further said that they have allocated TK 20 lakh for the development of the Regional Cricket Association, adding that no district cricket association will be allocated a single penny unless they hold district cricket on a regular basis.
It was BCB's second AGM since the 2021 election of the current board.
Bd-pratidin English/Lutful Hoque
