The show cause notice, likely to be issued tomorrow on the concluding day of the two-day meeting here, would ask Modi to explain as to why action should not be taken against him for suppressing facts regarding his past which allegedly made him unqualified to hold any office.
BCCI vice president Kamal Morarka had alleged that Modi was convicted in the USA in 1985 on charges of drug trafficking and assault and therefore should be removed from the Board.
Morarka had raised the issue at the meeting here today, and president Ranbir Singh Mahendra had been authorised to make a decision on the same, according to Board sources.
Sources said that Modi, who was away in Europe and did not attend the meeting, might be handed a similar or heavier punishment to that slapped on former president I S Bindra in 2001 February for indulging in 'anti-Board' activities.
Bindra, president of the Punjab Cricket Association, was suspended for two-years and debarred from representing the PCA in all BCCI meetings for issuing series of statments in the media in the post-match fixing saga.
Another contentious issue discussed at the meeting was the suspension of grants and financial assistance to the Tamil Nadu Cricket Association for failing to stop its affiliated units from filing cases against the BCCI.
Former president Jagmohan Dalmiya today presented to the Committee his correspondence with TNCA president N Srinivasan on the issue when he was in office, and the latter was expected to give his explanations on the same tomorrow.
Sources said the BCCI, however vociferous in its threats, might find its hands tied from taking any action.
The TNCA -- in response to a petition by Assam Cricket Association in Guwahati High Court demanding BCCI stop all aid to the southern state body -- had filed a counter in the Supreme Court, seeking the case be heard at the Apex Court.
Since the country's highest judiciary was hearing a case on the issue, BCCI might be forced to hold back for the moment at least, sources said.
On the issue of Rajasthan, Himachal Pradesh and Uttar Pradesh governments promulgating Ordinances or passing Bills to regulate sports in their states, the BCCI had decided to write to the respective governments.