The decision to ban the Bollywood actor was taken by the MCA on Friday morning.
The ban comes following his misbehaviour after the KKR-Mumbai Indians match on Wednesday night where Kolkata won.
"The MCA managing committee is forced to ban Shah Rukh Khan from entering Wankhede Stadium for a period of five years," MCA President, Vilasrao Deshmukh said on Friday.
"It was a unanimous decision. It applies to any match whether domestic or international at the Wankhede. We have taken a decision to protect the dignity of our association. BCCI is our parent body and we have written to them informing what had happened. We have no control over BCCI's decision. We are also an independent body with the Wankhede being our property. If rules are violated, action will be taken. It does not depend who the individual is. It's a message to everyone, whosoever he or she may be, that stern action will be taken if there is any misbehavior. How can he go inside the ground without proper accreditation? Even I can't go inside the ground if not invited for presentation ceremony."
Shahrukh got into a scuffle with security personnel at the ground and MCA officials as well.
“I was not drunk, I had gone to pick up my children. The officials were extremely aggressive. I just got angry but I left after that. I said a few things in anger. I was one and they were 20-25 officials and they were extremely rude. When I tried to answer them, they hid behind others,” Shahrukh had defended himself on Thursday.
MCA officials hit back at Shahrukh's statements.
“If that (abuse by MCA people) was the case, then why was the complaint lodged (against him). If he was not drunk then what was he inebriated with?" MCA treasurer Ravi Savant told reporters on Thursday.
“It's not worth reacting. We had BCCI officials with us. We had police officers with us. We had MCA officials with us. I don't think I need to react to Shah Rukh's statement,” said Savant.