Former Lok Sabha Speaker P A Sangma has resigned from the primary membership of NCP. The NCP Chief Sharad Pawar told reporters on Wednesday that he will accept Sangma's resignation.

The party had warned Mr. Sangma that action will be taken against him, if he chose to break ranks. The NCP has supported UPA candidate and Finance Minister Pranab Mukherjee for the Presidential post.

AIADMK and Biju Janta Dal have supported P A Sangma's candidature for the top constitutional post. The BJP led NDA is yet to take its final view on the issue. Earlier in the day, NDA convenor Sharad Yadav said that discussions are going on for finalising its Presidential candidate. Talking to reporters in New Delhi, Mr. Yadav said various political parties are being consulted on the matter.