"The resolution was moved by the president (Sharad Pawar) suggesting to expel Mr. Dalmiya and barring him from holding any positions in any body of cricket," senior board official Rajiv Shukla told television news channel NDTV after the special general meeting in Jaipur.
"The issue of irregularities and refusal to provide relevant accounts and documents relate primarily to bank transactions of the Pakistan India Lanka Committee (PILCOM) formed for the 1996 World Cup," treasurer N. Srinivasan told Reuters.
The event was jointly staged by the three countries. Dalmiya, a former president of the International Cricket Council (ICC), was the convenor-secretary.
"There were other issues as well, like bringing the board to disrepute," Srinivasan added.
Only the Cricket Association of Bengal (CAB) and National Cricket Club of Calcutta, both of which Dalmiya is president of, opposed the move while the remaining cricket associations supported it and the resolution was passed.
"The board has expelled him. He has been given a right to re-approach the board after three years," Shukla said.
Dalmiya's group was ousted from power by Pawar's camp in bitterly-fought elections in 2005.