The result should ne known by late afternoon.
Swindon Town are currently joint top of League Two with a game in hand with the league's clubs having previously voted to end the season.
The EFL board has proposed a framework which would keep promotion and relegation, retain the four-team play-offs and decide the final league tables on an unweighted points-per-game basis.
Two alternatives have been proposed; the Championship's Barnsley's scraps relegation in the event of a division being unable to finish, while League One's Tranmere's involves applying a margin for error to the points-per-game system.
There are then amendments to the EFL framework to be voted on. League One club Lincoln's calls for a change in how points deductions are applied to the points-per-game calculation, Ipswich's involves further consultation with clubs on the play-offs format if the season cannot be completed, and Stevenage's scraps relegation from League Two if the division votes to curtail the campaign.
For any framework or amendment to be adopted it would require both a majority vote among Championship clubs and a majority among the full 71 member clubs.
Most clubs are expected to be represented on the video call by a proxy, and the video conference call is due to start in the morning.
Leagues One and Two are then expected to vote in the afternoon on whether or not to end the season. If they do vote to cut it short, the final table will be based on whichever framework was approved earlier in the day. A majority of clubs in that division would be required for a motion to carry.
League 2 clubs have already indicated an intention to curtail the season, while League One clubs are undecided.