Lal reckons there are three positions in particular which the current panel will look forward to pick
The trio has been appointed for one-year period.
The CAC's first and foremost task is now to pick replacements for outgoing selectors MSK Prasad and Gagan Khoda.
The last date for the applications is January 24, 2020.
The third member of the panel is likely to be Mumbai-based woman international Sulakshana Naik, who has played two Tests and 46 ODIs for the country.
Kapil Dev, Gaekwad and Rangaswamy had been called by Jain for a personal hearing regarding their alleged multiple roles with the BCCI.
The BCCI president said the CAC will be appointed only for one meeting to decide the selectors
former India batsman Sachin Tendulkar and VVS Laxman are expected to return for a second tenure at the board's Cricket Advisory Committee
Shastri could well be contesting for the post all over again if CAC is found guilty.
Rangaswamy said people complaining is fine, but if the Ethics Officer picks up every complain, then it creates a difficult scenario.