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Fema / RBI

Members cannot be appointed part-time to Fema Tribunal

Case Law Details

Case Name
Union Of India And Others Vs S. Srinivasan (Supreme Court of India)
Date of Judgement/Order
Only available for paid members
Advertisement Rule 2 (1) (b) provides the qualification to be a Member. Needless to say, the same is in total accord with the Act. The first proviso to Rule 5 introduces part time Member. We have held that the said proviso, as far as it introduces the concept of part time Member, is contrary to the provision contained in the enabling Act. Section 46 of the Act nowhere envisages about the part time Members. The second proviso, we have already mentioned, is an innovative one. Thereafter, we have at length referred to the qualifications for a person to be a Member who is eligible to be a dist...
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