Ashok Bhushan, J.

1. This Writ Appeal has been filed against the judgment dated 17.11.2014 in W.P(C).No.9608 of 2014 by which judgment the Writ Petition filed by the appellants has been dismissed. The parties shall be referred to as in the Writ Petition.

2. The brief facts leading to filing of the Writ Petition are:

The Writ Petition was filed by two petitioners. The first petitioner being Financial Services Executives Welfare Association through its Secretary and the second petitioner being a Financial Services Executive working at Ernakulam. The Life Insurance Corporation framed a Scheme, namely, Life Insurance Corporation (Financial Services Executives) Scheme, 2007 (hereinafter referred to as 'the Scheme, 2007'). The Chairman, in exercise of power under clause 28 of the Scheme, 2007, issued administrative instructions, which have been brought on record as Exhibit P1. The Scheme, 2007 authorises the Zonal Managers to decide the actual number of Financial Services Executives required to be engaged, the conditions of eligibility, notification for engagement, procedure for engagement, training and allocation. The members of the first petitioner, after undergoing through the