In a media release issued by BCCI on Wednesday, it was stated that Kapil had sent a letter to the Board saying he had resigned from the Essel Sports Private Limited/ICL.
"The BCCI has received a letter from Mr. Kapil Dev, former India captain," Board President N Srinivasan said in the media release.
He continued: "Mr. Kapil Dev has informed the Board that he has resigned from the Essel Sports Private Limited / ICL. He has also stated in the letter that he has always supported the BCCI, and will continue to do so in the future.
"The BCCI acknowledges Mr. Kapil Dev's immense contribution to Indian cricket., and looks forward to a fruitful association with him in the years to come."
With this, Kapil is likely to receive his one-time benefit which was handed over to former cricketers during the Indian Premier League (IPL) recently. The former India all-rounder, who led India to 1983 World Cup triumph, is likely to be involved more with the Board activities from now on.
Recently, another former cricketer, Kiran More, too was granted amnesty by the BCCI. He was also with ICL.
Kapil joined ICL, the Twenty20 city-based tournament, in 2007 as the chairman. It was started by Zee group. BCCI soon acted had stopped pensions to all former cricketers who were involved with ICL. BCCI and International Cricket Council (ICC) did not grant official status to ICL. In the same year, 2007, Kapil was removed as chairman of National Cricket Academy (NCA).