"It was decided to grant amnesty to Mr. Kiran More," BCCI Secretary Sanjay Jagdale said in a media release on Monday evening.
The former India stumper, who was also chairman of the National Selection Committee, had applied for amnesty before the start of Indian Premier League in April this year.
More, who was with the now defunct Indian Cricket League (ICL), can now return to mainstream cricket following the amnesty. He will also be eligible for one-time benefit payment from BCCI.
More played 49 Tests and 94 One Day Internationals and will receive a cheque of Rs 60 lakhs from BCCI. His pension, which was also stopped by BCCI, is likely to be payed.
ICL, the Twenty20 League launched in 2007, was not given official status by BCCI when it started. More and several other former Indian and Pakistan cricketers were involved with ICL.
Former India captain Kapil Dev was the chairman of ICL.