Sources said that the previous meeting of the committee was held in Mumbai on August 9 and 10 last year.
The Board's annual general meeting (AGM) in September stood adjourned due to stay orders from court, and the AGM was finally concluded in January.
With legal battles continuing in the courts in Chennai, Delhi and the Supreme Court, the meeting could not be held for so long, the source said.
BCCI secretary S K Nair, however, described the meeting as 'routine'.
"We ratified the expenditures incurred and discussed issues that cropped up during this period," he said.
The meeting, with TNCA president N Srinivasan in the chair and former Board president Jagmohan Dalmiya and national cricket academy (NCA) chairman Brijesh Patel as special invitees, had 54 items on the agenda.