"The award is in recognition of the services of these actors to the film industry, who acted in some of the best motion pictures of the industry," film-maker and FICCI entertainment committee Chairman Yash Chopra said.
Amitabh Bachchan, Hema Malini, Dev Anand, Asha Parekh, Dilip Kumar and Lata Mangeshkar, were some of the earlier recipients of the The Living Legend Award.
The award would be presented at the FICCI-BAF awards ceremony on April five, which is hosted as part of the FICCI-Frames 2005 convention, he said.
The convention, which is slated to take place in the city from April four-six, would witness participation from various entertainment conglomerates, Information Technology majors and film fraternity. This year's theme for the convention would be `Entertainment - It's Happening', he said.
Information and Broadcasting Minister Jaipal Reddy, Motion Pictures of America Chief Executive Officer Daniel Glickman, Zee Telefilms Chairman Subhash Chandra, actors Amitabh Bachchan, Shah Rukh Khan and Infosys Chairman and Chief Mentor N R Narayana Murthy are among those expected to attend the convention, Chopra added.