The governing body is concerned over the developing situation at the SPL side after they entered into administration on Tuesday, appointing Duff and Phelps as administrators.
The Scottish FA will now investigate a ‘number of potential breaches of the Scottish FA’s Articles of Association’.
This action follows failed attempts by the SFA in obtaining information relevant to the Fit and Proper Person requirement and administrator Paul Clark has guaranteed full co-operation with the governing body.
An inquiry will now be started to find out the facts of the case and conclude whether any rule breaches have taken place.
Scottish FA chief executive Stewart Regan said: “Since we have been unable to receive any detailed information requested in relation to Article 10, we feel we have no option but to appoint an independent committee to investigate a number of concerns we have raised.
“We expect the investigation to be concluded as quickly as possible and will confirm the outcome in due course. We will be making no further comment on the investigation in the meantime.
“Finally, I would like to reiterate the need to learn the lessons from this unedifying episode. It is essential that we work together to improve the overall sustainability and competitiveness of the game in this country. This is a matter that the Scottish FA is already in discussions with the relevant league bodies to address.”
If the Scottish FA find that there have been breaches of their rules then Craig Whyte may be blocked from holding office at the Ibrox club, being judged an unfit person. Or the club may be punished by the judicial panel, with sanctions which could range from fines, suspensions and others not listed.