The Academy of Motion Pictures Arts and Sciences has "initiated disciplinary proceedings" against actor Will Smith over his actions at the Oscars, the group announced on Wednesday.
The statement claims that Smith was asked to leave the ceremony after the slap incident "and refused."
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"Board of Governors today initiated disciplinary proceedings against Mr Smith for violations of the Academy's Standards of Conduct, including inappropriate physical contact, abusive or threatening behaviour, and compromising the integrity of the Academy," the organisation behind the Oscars said in a statement.
Smith has come under fire in recent days after he stormed the stage on Sunday and slapped presenter Chris Rock after Rock made a joke about Smith's wife, actress Jada Pinkett Smith.
"Jada, can't wait for G.I. Jane 2," Rock said referring to her shaved hairstyle.
Pinkett Smith suffers from alopecia an auto-immune disease that results in sudden hair loss.
"Mr Smith's actions at the 94th Oscars were a deeply shocking, traumatic event to witness in-person and on television. Mr Rock, we apologise to you for what you experienced on our stage and thank you for your resilience in that moment," the statement added.
"We also apologise to our nominees, guests and viewers for what transpired during what should have been a celebratory event."
Another board meeting is set to take place on April 18, at which time, "the Academy may take any disciplinary action, which may include suspension, expulsion, or other sanctions permitted by the Bylaws and Standards of Conduct," the statement said.
"Consistent with the Academy's Standards of Conduct, as well as California law, Mr. Smith is being provided at least 15 days' notice of a vote regarding his violations and sanctions, and the opportunity to be heard beforehand by means of a written response," the statement said.