Union Of India & Ors vs S. Srinivasan

The Supreme Court upheld the High Court's decision declaring the first and second provisos to Rule 5 of the Appellate Tribunal for Foreign Exchange (Recruitment, Salary and Allowances and Other Conditions of Service of Chairperson and Members) Rules, 2000 as ultra vires Section 21(1)(b) of the Foreign Exchange Management Act, 1999. The Court held that the appointment of part-time Members as Chairperson violated the eligibility criteria established by the Act. Consequently, the appointments of the part-time Members and the acting Chairperson were quashed.