1. The petitioners were at the time of filing the Original Petition employees of the Kerala Financial Corporation, the 2nd respondent (hereinafter called the Corporations.) The Corporation is one established under the State Financial Corporation Act, 1951 (Central Act 53 of 1951). They were in service at the time from twelve to eighteen months as Assistants and Typists. The appointments were made provisionally through the Employment Exchange. This according to the petitioners is the usual method of appointment and the temporary appointments so made used to be confirmed in due course. The Managing Director had made the appointments. It is alleged that ever since its inception the appointment of the staff of the Corporation was being mad by the Managing Director for classes B and C consisting of Assistants, Clerks, Stenographers, Typists and subordinate staff as per powers conferred on him by the Act and Regulations framed thereunder. It is asserted by the petitioners in this proceedings that all members of the staff who like the petitioners were originally appointed on a temporary basis up to and inclusive of 24th July 1970 have been made permanent and with respect to ot