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Indian Olympic Association president P T Usha announced that Mary Kom had asked to be relieved from her position in a letter addressed to her.
The 41-year-old six-time world champion found herself at the centre of a social media storm after reportedly declaring that due to the 40-year age cap for amateur boxers, she has been forced to retire.
The government-appointed Committee will also run the day-to-day affairs of WFI for the next one month.
MC Mary Kom is part of the 7-member committee set up by the Indian Olympic Association.
The champion boxer's brother claimed that the Chief Minister's Office assured him that the statue will be replaced before the inauguration of the park.
The money will be shared respectively by the Mary Kom Regional Boxing Foundation and The Voice of Stray Dogs
The six-time world champion injured herself in the first round of the semifinals of the selection trials.
The Telangana boxer out-punched her opponent from Thailand in the final of the Women's World Championships in Istanbul.
The veteran who was adjuged to have lost in her pre-quarterfinal (51 kg) bout on Thursday has slammed the IOC's Boxing Task Force.
The 2012 London Olympics bronze medallist lost 2-3 to Colombia's Ingrit Valencia.
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