Started by ClapsnSlaps.com, an online portal dedicated to the entertainment industry, the two-day event will take place here starting from April 9.
"As filmmakers, we are always on the lookout for new talent. We have all made our way into this industry on our own steam but our body of experience must be shared for the greater good of this industry. I support Clapsnslaps.com in this wonderful endeavour and can't wait to meet these young talents in their Bollywood Ki Pathshala in April," Satish said in a statement.
Adding to that, Bazmee said: "Storytelling is an art and bringing it alive is the artistry of the artist in front of the camera. I encourage free thinking, experimental actors who are willing to take on a new and challenging role every step of the way and it is this that I'm excited about finding in these fresh new talents when I meet them in April."
To take part in the event, aspirants will have to register on the Bollywood Ki Pathshala website. Depending on their task performance and position on the sites' leader board, the best will be shortlisted for the final event.
These aspirants will be further asked to perform a final video assignment. The candidates with the best video assignments will be invited to Mumbai, where they will get to perform a 60-second act during the event and will be judged by the casting directors.
Those shortlisted thereafter will be asked to perform a live task in front of the mentors.