Justice K. S.

Hegde
Institute of Management
Leave Trading System (LTS)
The Institute is going to introduce an innovative method for monitoring and controlling the attendance of
students for the Academic Year 2010-2011 for all the students of the Institute. The objectives and modalities
of the same are as below:
Objectives:

• To gain practical knowledge about pricing and trading of securities/assets in the market.
• To improve the attendance of the students to the classes and the other programs.

• To reduce the time used for monitoring and controlling the attendance of students.

• To ensure free permission for absence to the classes/seminars/programs etc.

• To increase the level of satisfaction and academic performance of students.

Modalities:

1. Every student will be given 20 coupons in each Semester in installments.

2. If a student is absent for any class, one coupon must be given for each of the classes missed to the
respective faculty.

3. If a student is late for the class, the faculty concerned may demand one coupon at his/her discretion.

4. If a student is absent for the seminar, one coupon must be given to the faculty guide of that Seminar.

5. Whenever a student is absent for any program/guest lecture/any activity which is made compulsory,
he/she must give the coupon to the program coordinator. (For < 1.50 hours 1 coupon and for >1.50
hours duration 2 coupons.)

6. If a student is deputed for doing the Institute`s work or represents the Institute in any event, the
Faculty/Director will give the student the coupons for the missed classes/programs free of cost.
7. Students are free to buy or sell the coupons within their class at a price to be decided by market forces of
demand and supply.
8. Coupons cannot be exchanged between the classes.

9. If a student who has sold the coupons needs it later on, he can purchase the same at market determined
prices.

10. The Institute may decide to ask the students to surrender more than one coupon for every hour missed
on some important days/programs.

11. If a student after using all the coupons allotted to him/her, and absents for further classes or programs,
he/she will have to purchase the same from others who have surplus coupons at market determined
prices.

12. One can buy the coupons when the price is less and sell the same when the price is high and make
speculative gains.

13. Whenever a student is absent, he need not give the reasons for absence. No questions will be asked.

14. Every student must have minimum attendance (85%) as prescribed by the Institute to appear for the
Semester End Examinations. This requirement has nothing to do with the coupon trading system.

15. The coupons cannot be used for the tests and examinations conducted by the Institute.

16. Increase in absenteeism increases the price of the coupon which in turn discourages the students from
being absent.

17. The students need not give coupons when they are hospitalized for any illness if they provide
satisfactory evidence.

18. If the price of the coupon increases to a very high level, the Institute may issue additional coupons to all
the students.

19. The class representative of each class is responsible for leave trading and monitoring and organizing
trading whenever it is necessary after 3 pm without disturbing the normal schedule of work.
20. At the end of the Semester, all unused coupons will lapse and lose their value.