The Professional Football League Committee of Bangladesh Football Federation (BFF) has banned the Farashganj Sporting Club for two seasons.
The decision was made in the meeting of the committee on Thursday.
According to the decision Farashganj SC cannot participate in any tournament in this running season and next season organised by BFF.
The team have to pay the fine of Taka two lakh and to return Taka 13 lakh provided by BFF as soon as possible.
In the meeting they have approved the league table of Manyavar Bangladesh Premier League 2014-15 where Farashganj SC will be count as relegation team.
The eight teams of the Bangladesh Champions League have completed their player transfer and the tournament will start from the first week of November.
After the meeting it was also informed it is not possible to organise the Independence Cup and Supper Cup in the running season 2014-15 as the National Team are participating in different tournaments.