Suspended IPL commissioner Lalit Modi is all set to submit  his reply to the third show cause notice that BCCI slapped on him for alleged irregularities in the awarding of Twenty20 League's theatrical rights by Tuesday, his legal adviser said today.

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"The reply to the third notice is actively under way. We have got time till the 15th of June to submit it," Modi's counsel Mehmood Abdi told.

Modi was served the third show cause notice, which alsoraised questions over the awarding of the 150-secondcommercial slot in between balls during IPL 3, by BCCI on May31.

He has already replied to two earlier notices slapped on him by the board accusing him of financial irregularities, manipulating the bidding for new franchises and trying to destroy the structure of world and Indian cricket.

The first reply ran over 15,000 pages, including a staggering number of supporting documents, while the second one was a 24-page response.

Modi asked for and was granted 15 days grace period to file replies on the first two occasions but has not asked foranother extension to file the reply to the third notice.

Meanwhile, the BCCI has convened a meeting with all 10 IPL franchise representatives on June 24 followed by the League's Governing Council meeting the next day.

The controversy surrounding Modi and his suspension areexpected to figure in these meetings. The meeting with the franchisees has been convened by the BCCI to let them get to know the new IPL interim chief Amin.

"The letter just says, "they want us to get to know the newchief and to discuss about IPL 4 which I presume would meanthe issue of retention of specific number of players Indianand foreign in the auction, the tournament schedule etc," said an IPL franchise official.

There's still debate over how many players can be retained by the original eight franchisees ahead of the next players' auction in which the two new franchisees - Pune and Kochi - will also take part along with the other eight.

The franchisee official said though there were reports that the IPL was thinking of changing the format which is a two-legged (home and away) single round-robin league at present followed by semifinals and the final, the franchisees have not been sent any formal proposal.

"There's no proposal on these lines as yet. The meeting gives us an opportunity to discuss various things," he added.

A changed format with two pools of five teams each and the reduction of matches from 94, as per the existing format, tobetween 65 and 70 to reduce the burden on the players, couldbe proposed to the franchisees by the BCCI.

After getting the views of the franchisees, the IPL Governing Council is expected to give a final shape to all these issues and then put them in front of the BCCI's all-powerful Working Committee for its approval, according to sources.