Mr. N Srinivasan today offered to step aside as BCCI President under a compromise formula that brought back former Chief Jagmohan Dalmiya as head of a four-member interim arrangement to run the Board.

The move comes more than a fortnight after the spot-fixing scandal rocked the 6th IPL.

The Working Committee of the Board decided that Dalmiya will conduct its day-to-day affairs after Srinivasan announced that he will not discharge his duties as the President till such time the probe is completed.

73-year-old Dalmiya will appoint a new member on the three-member Inquiry Commission in place of Sanjay Jagdale that will go into the allegations of betting and spot-fixing against Srinivasan's son-in-law and Chennai Super Kings Team Principal Gurunath Meiyappan and his franchise team.

Soon after being made the head of the interim set-up to run the Cricket Board, Jagmohan Dalmiya backed incumbent N Srinivasan and said that calling the arrangement an eyewash was uncharitable and unreasonable.

24 members of the Board attended the meeting in which Srinivasan said, there was no demand made for his resignation.

Although Punjab Cricket Association chief I S Bindra claimed that he raised the demand. The meeting also urged Secretary Jagdale and Treasurer Ajay Shirke, who have resigned from their posts, to rethink their decision and get back to the Board in 24 hours.

However, both of them said after the meeting that they have decided not to withdraw their resignations.