Complying with the International Cricket Council's deadline, the Board of Control for Cricket in India, forwarded the conditionally signed Player Terms for the World Cup to the game's governing body on Tuesday.
"We have sent all the duly signed Player Terms to the ICC in order to comply with the January 14 deadline," BCCI president Jagmohan Dalmiya said in Kolkata.
The contract papers were sent to ICC Development (International) Limited, the business arm of the ICC, which is based in Monaco.
The ICC said the contract committee would meet next week to decide whether to accept the 'altered' player terms contract received from the Indian Board, General Manager of Corporate Affairs of ICC, Brendan McClements, said in a statement in London.
Dalmiya said the Indian players, now in New Zealand, signed the contract with two conditions.
The six-page Player Terms, signed by each of the 15 members of India's World Cup team, was received by the board a few days ago.
Dalmiya said the ICC had already been informed that certain restrictive clauses in the Player Terms are not acceptable to the players and the board.
Detailing the objections raised by the players, he said they were ready to abide by the restrictive sponsorship clauses for the 44-day period of the tournament but not before and after the event as required in the origianl clauses.
Also, the players are willing to allow their imaging to be used by the official sponsors of the World Cup only for a period of two months and not three months as entailed in the contract, Dalmiya said.
To a question, Dalmiya said the Indian board has already decided to challenge the legality of the ICC Player Terms and the issue would be decided by the Court of Arbitration for Sports, based in Lausanne, Switzerland.
He said the BCCI's lawyers are on the job and started preparations for a legal battle on the issue.
The conditional signing of the terms by the Indian players is likely to evoke a strong reaction from the ICC. The world governing body made a final offer of concessions to Indian players last month and warned the Indian board of consequences if it was not accepted and the best Indian team not sent to the World Cup, beginning in South Africa on February 8.
Dalmiya, however, declared on Saturday that India would take part in the tournament with its full team, saying "there is no clause to prevent a team from participating if it signed the Player Terms conditionally".