The BCCI's newly appointed Cricket Advisory Committee, which is supposed to pick the Indian national selectors, will shortlist the candidates for personal interviews in its meeting on Tuesday.
The three-member committee comprising former Indian cricketers Madan Lal, RP Singh and Sulakshana Naik will be interviewing the candidates.
According to Lal, 44 applications have been received for the two positions of national selectors.
The position of the BCCI chairman of selectors is up for grabs with MSK Prasad finishing his four-year term last November.
Since then, the former Indian wicket-keeper has been on an extension along with Gagan Khoda.
The MSK Prasad-led selection committee recently picked the limited-overs squads to face New Zealand in five T20Is and three ODIs.
There had been speculations doing rounds about a particular BCCI constitution clause which mentions, 'the senior-most Test player among the members of the committee shall be appointed the chairman'.
However, the BCCI President Sourav Ganguly later ruled out this possibility.
This could lead to Ajit Agarkar and Venkatesh Prasad be in contention if the duo gets shortlisted.
In January, Ganguly revealed that the Indian squad for the South Africa ODI series will be picked by the new selection panel.
In this case, the two selectors will have to be chosen this week as the series commences on March 12.
"There is still time for the series. The process for picking the new selectors will be done this week," an official stated.
The likes of Ajit Agarkar, Chetan Sharma, Nayan Mongia, Laxman Sivaramakrishnan, Rajesh Chauhan, Amey Khurasiya applied for the two vacant slots previously.
However, the qualification process requires a player to have featured in at least 7 Tests, 30 First-Class matches or 10 ODIs and 20 First-Class games.
Also, all the selection committee members should have retired at least five years ago.
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