Chaired by BCCI president Jagmohan Dalmiya and attended by representatives of important state associations, the meeting assumes added significance because it would be attended by International Cricket Council (ICC) president Ehsan Mani and CEO Malcolm Speed.
The duo would attend the first day's proceedings in their attempt to come closer and understand the issues involving its 10 full members while also addressing any bilateral concerns.
The contracts system has run into rough weather and while it would be difficult to blame any one party for its delay, the onus is on the BCCI to take the cudgel in its hands and give it a final shape.
While the dates for the four-Test series against Australia have already been announced by the Board, the venues are yet to be decided.
The authorities of the Feroz Shah Kotla ground in New Delhi have finally stated their inability to host any match of the October-November series, and, most likely Kolkata will benefit from it.
The 25-point agenda drawn up for the meeting includes a report on India's recent tour of Pakistan and considering the recommendation for setting up of Col C K Nayudu awards committee.
The meeting will discuss at length the recommendations of Ranji Trophy captains and coaches, who had met on June 4 in Mumbai, and also decide on prize money for senior and junior domestic tournaments.
The proposal to place the tricolour on players' helmets will also be deliberated upon amid reports that many of the top office bearers are against the indiscriminate use of the tricolour.
Also waiting for the working committee's nod is the proposal to increase the salaries of the national umpires.
The working committee would be briefed on the disciplinary committee's report on Maharashtra cricketer Abhijit Kale who has been suspended till the end of this year for attempting to bribe two national selectors.
Giving final touches to the platinum jubilee celebrations programme, which includes a friendship series with Pakistan, is on the cards as well as allotment of benefit matches for former cricketers.
Pension scheme for Test cricketers, launched earlier this year, and new affiliations will be decided as well.