IPL season5 | Rules

Telivision and Title rights
The Title rights of IPL are with DLF private limited and Television rights of IPL is with Sony Entertainment

IPL Squad rules

* There needs to be a minimum of 16 players in each of the eight teams

* Each team will have one coach and a Physio
* At least two players in each team will be from BCCI under-22 age group
* A minimum of eight local players will be there in each team
* The number of foreign players in a team cannot exceed 10
* Amongst the playing 11 members of a team, no more than four can be foreign players

Acquiring Players 
* The owners of a team can acquire players from any of the following options
* Through annual auction
* Buying domestic players
* Signing uncapped players
* Buying Replacements (for players not available)
* Trading

Other IPL rules
* At least seven bowlers will be there for completing the 20 overs of a match
Of the seven bowlers in the game, six will bowl 3 overs each and seventh one will bowl the remaining 2 overs
* For a match to be declared complete, full 40 overs should have been bowled and batted on
* The batting team can call all of their extra players to bat, till the end of 20th over. However, only the first 11 players have the right to bowl and/or field
* The batting team can continue to bat till the end of the last over, even if it has reached the winning target

Source: Cricketworld4u.com