The abolition of the cooling-off period for its office bearers would enable Sourav Ganguly and Jay Shah to continue in office.
The full FTP is likely to be formally announced later this month, around the ICC's annual meeting in Birmingham on July 25 and 26.
The Supreme Court was dealing with the question of whether the BCCI can be said to be a 'shop' as per the notification dated September 18, 1978.
Jay Shah had earlier said that BCCI will be getting an extended window for the IPL in the ICC's next FTP cycle starting from 2024 till 2031.
The BCCI, in its proposed amendment, has sought the abolition of a cooling-off period for its office bearers.