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By-Laws

DIPLOMA IN MICRO-FINANCE

By-laws made under section 135 ('~ :he Universities Act No. 16 of 1978 asamended

Part 1- General

j Subject to tht·"o~ ~:ty-Laws, a person ro;;;y be awarded tl~e Dipioma ii. )\;;..::-0-

Finance (DMF) ifshe/he has:(a) been a registered student of the University for tile period prescribed by

these By-Laws;(b) thereafter pursued the program of the study in the University to the

satisfaction of the Vice Chancellor as prescribed by these By-Laws andother Regulations and Rules of the University;

(c) satisfied the Examiners at the prescribed Written Examinations, ClassRoom Tests, Practical Assignments, Class Room Presentations, TermPapers, the Research Paper or Project report, the viva voce examination ofResearch Paper or Project Report embodying research on a subjectapproved by the Faculty;

(d) paid the library deposit and all the prescribed fees including registrationfee, course fee, examination fee and all other dues as may be payable byher/him to the University; and

(e) fulfilled all other requirements prescribed by these By-Laws and otherrelevantRegulations and Rules of the University.

Administration of the Program

3. The Dean of the Faculty of Arts, on the recommendation of the Head of the.Department of Economics (hereinafter referred to as Department) shall appoint aCo-ordinator for the Diploma in Micro Finance Program amongst the academicstaff members of the Department.

Eligibility for Admission to the Program

4. (i) No person shall be eligible to be :~dmitted to the Diploma in Micro-Financeprogram unless she/he

a. i. has obtained three passes at the G.C.E (Advanced Level) Examination orits equivalent; preference will be given to persons who possess relevantwork experience

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ORii. has obtained six passes at the G.C.E '(Ordinary Lev-I) Exa.rination or

its equivalent and has sufficient practical expe-icnce (at least two years)in a relevant field so determined by the [;"part!~1~nt.

ORiii. Have a ;:'I~~~ssi0r~al qualification that "<11 be ':.cog,;i::~;d on a ca:e i.y

case basis by the I lniversity of Colombo: en the rec.or.ir !,ndati()!l of the0,"·1""I,,·tl110:'1' of E':~'"'I'r)111i('c: =nd the.. J~:"'''';:'lY' c·r '\il'" '1" ec.uvalcr.: to\-'I.JU 1 .•..-:-...... ,-,,_, ,J •• ~...... I.••. ,. ' .. '0 _.. ':,: _..... ' •• 1 '-1'- ••.....1.' '.

qualification.in either of case (i) ar.d (iil c.:b'·,.c, .,

(ii) Notwithstanding (In':~!-ting .nentioncd in rhe j.rec-cing paragraphs Of this 81'-Law, :i1e :,',_;:~,!i:,: :.;;,,,Jl on. the recommendation df the Faculty l:k;l' ,1 c~ 'ih'Faculty of Arts and the Department, nave authority to vary the admissionrequirements in a given year.

Application for Admission

5. (a) Applications for admission of students to the Program sh'ajl be called b;' openadvertisement and/or through circular notices,

(b) Prospective applicants shall be required, to pay- to the University theapplication fee for making an application in the prescribed from issued by theUniversity.

(b) Applications receivedshall be referred to the CoordinatorortheProgram. TheCoordinator, in consultation with the Head, t~Li2ng cxamir.-d the appiicationsfor necessary initial qualifications, shall, whr n necessary, can the qualifiedcandidates for an Admission Test. Depend. rg or the 'pe!-[ov,ance of the

, . candidates and the number of students that Clifl ~,e accommodated in a given"'-""batch,thecUi-:6ff marksfor admission will vary for year ,0 y~a.~';i;ahd be

decided by the Head/Economics. . . ,;. '

(c) The candidates who have been deemed successful in the Admission Test maybe interviewed, if so decided, and the final list of cand.dates to be enrolledshall be recommended to the Faculty Board through the Head/Economics andthe Dean! Arts for acceptance.

Registration for the Program

6. A person whose application for admission to the' program ts accepted-by theFaculty shall take steps to register for the Diploma in Micro-Finance Program notlater than the prescribed date and shall pay to the University, the.library depositsand other deposits and the prescribed fees including the reg; stration (ee, coursefee, supervision fee, examination fee and other fees as specified by the Council onthe recommendation of the Faculty Board. "

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7. On completion of the registration procedure, an applicant shall be registered as astudent of tlie Dip-erna in Micro-Finance Program.

8,. The rezrstration shall be deemed tohave lapsed at the end of its period of validity.A student whose rc[.::;is{r'ltion has so lapsed may review such registration for afurther period ly pa)i ing the prescribed fees as specified in the Regulations and/orthe Rules relevant tti~1ese By-Laws provided that she/he is still eligible to beregistered hi' tl.e Program,

9. No person shall be entitled to' a refund of any fees paid to the University on anyground whatsoever, provided that, if the number of students who have soregistered for ~fle Program is not sufficient for the Program to be financiallyviable, the university shall refund to such student the fees already received by itonaccouni 0::- the completion of the registration procedure.

I O. Notwithstanding anything stated to the contrary, the University shall have theright to ca+cel at any time the registration of a candidate for cause shown.

11.'No student shall keep away from classes or leave the Island, or withdraw fromexamination, a classroom test or any other form of evaluation without priorapproval .rom the Faculty Board.

f·Part U- Course Structure

12. The ':()Llr~;cS leading ',;) the award of the Diploma in Micro-Finance shall coverThecry and ):'racti(':<i;, components, Coritinuous Assessments, work' on theResea.cl. Proje c./papcr and performance assessment as prescribed by Regulationsand/or R,; .es G~~.'the L'i.iversity.

13. The Diploma in Micro-Finance Program shall be deemed to be a six monthI

program with eight course units, which include five units of compulsory and threeuni ts of optional.

l4. The Course work relevant to the Program shall consist of lecturers, tutorials,practicalclasses, and other assigmnents on courses, as shall be prescribed by theSenate onrne recommendation of the Faculty Board. The list of courses, thesyllabuses and the number or question papers in each course of the program shallbe those set out under Regulation passed by the Senate from time to time.

15. The Senate shall have the power to change, amend, add or delete courses, theirsyllabuses as well as the number, structure, and rubric of question' papers incourses .eading to the award of the Diploma in Micro-Finance program.

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. Part: In - Evaluation/Examination

16. The final examination leading to the Diploma Course shall be held within areasonable ,'Jf~hod of the completion of the course units of the study. However, theDepartrnerr shalf in exceptional circumstances vary this schedule with theapproval of (he Senate .

..17. Performancetof acandidateat the Diploma in Micro Finance program shall be

evaluated through a combined system of continuous assessment and End-of-Course Examination.

18. The end-of-course examination leading to the Diploma in Micro Finance consistsof the following components:

i. written papersIi .. performance assessment by a panel of examiners

andiii, project. report/research paper

19. One cot.rse vunit jn each part of the programme shall be evaluated throughcontinuous asses sruent; and a performance assessment conducted by a panel ofthree examiners. All the other course units except project reportlresearch papershall be evaluated through continuous assessments and a written paper.

20. TII-:. ::icard .01' Examiners shall be constituted by the Senate, on therecommendation of the Department and the Faculty Board, for the conduct of theExamination leading to the Diploma in Micro-Finance.

21. For the finalgrading of the Diploma in Micro Finance Program, the continuousassessments.The end-of-course examination, performance assessment and projectreport/research paper shall be marked out of a maximum mark as given below:Continuous assessments 35%End-of-course examination 50%Performance assessment J 5%Project report/Research paper 100%

22. A candidate shall nor ce permitted to take the examination unless, she/he hasl. fci.owed at least 80 percent of the classes held;2. registered .with n;e Examination Branch of the University for the

c:::min2 ..tion she/b- intends to sit;3. the c,)ordinator h8:, certified that she/he has completed the course of studies

leadin.; to t.ie exar.inarion by attending the required proportion of lectures,tutorial .classes, and .ither forms of instructions in each course;

4. her/his student registration continues to be in force; and'i her/his <ippication '101' entry to the examination has been accepted.

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yv:' 23, (a) Where a student does not apply for and/or take the examination on the firstoccasion she/l~e shall 'be deemed, unless the Senate determines otherwise on

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the recommendation of the Faculty Board, to have taken the Examination onthat occasion which shall be taken into account in computing the total number

.of occasions on which an Examination may be taken by a student.

(bj A student who i":7excused'by the Senate on the recommendation of the FacultyBeard from 'i:::K~ng the Examination on the first occasion shall take theExamination onthe very next occasion when it is held and if she fails to applyfor and/or take: the Examination on that occasion she/he shall be' deemed,

, .unless the Senate determines otherwise on the recommendation of the FacultyBOord, to have taken the Examination on that occasion which shall be takenirr.o account in computing the total number of occasions on which anExamination may be taken by a student.

(c) A sll,de.nt shall not take any of the Examination on more than three occasionsand,"in computing rhe total number of occasions there shall be taken intoace :}Ulttany occasion on which she/he deemed to have taken the Examinationin terms of these By-Laws

(d) All rules relating to the Examination Procedure, Offenses and PunishmentRegulation No, 1 of 1986 shall be mutatis mutandis apply to, or in relation to,the Diploma 'in Micrc-Finance Examination.

(.;'; Without prejudice to the generality of the Regulation No, 1 of 1986 rulesrelating to the Class Room Tests, etc shall be formulated and implemented bythe Coordinator and any matters relating to such tests shall be decided by theFaculty Boarr' on the recommendation of the Coordinator and the Head of theDepC:i1.ment.

(f) Rules relating to Assignments, the Research paper/project shall be announced,from ti.ne to time, by the Coordinator in consultation with teacher/s and suchrules "hall not be changed or revoked unless otherwise decided by the FacultyBoard.

I24. (i) TLe pass mark of each Course Unit including the Project/Research paper of the

examination leading to the Diploma in Micro Finance shall be 50% of themz.ximum marks that could have been awarded for that course unit. EachCourse Unit shall i)e marked out of a maximum mark of 100%,

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(ii) The folIO/Wingtable shall guide the grading of a candidate's performance in.each Course Unit:

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., . Crude A+ 90% to 100%.~

Ir-. G':°LdeA 85% to 89%

Grade A- 80% to 84%Grade B+ 75% to 79%

'co Grade B 70% to 74% Ir"; Grade B- 65% to 69%Grade C+ 60% to 64%Grade C 55% to 59%Grade C- 50% to 54%Grade D+ 45% to 49%Grade D 40% to 44%Grade D- 00% to 39%

{i:i) A candidate shall be deemed to have passed the Examination leading to theDiploma ii; Micro-Finance. if she/he

(a) pass'~:"-~clall the Course Units (pass mark is 50)i or

(b:i i)aS~c~in all the course units but two, having obtained an average mark. of not -less than 50% for all the course units, and a mark of not lessthan-i S% in rhe two course unit in which she/he failed.

(iv) (a) A candidate shall be deemed to have referred the examination leading tothe Diploma in Micro Finance if she/he has passed half of the courses offeredfor the course and obtained at least 30% for those course units that she/hefuiled

(iv) .(b) A candidate who failed the Examination leading to the Diploma in Micro-i<r.ance may be awarded only a Certificate of Attendance in Micro-FinanceCourse.

(v) A candidate who has passed the Examination leading to the Diploma inMicro-Finance may be awarded a Distinction Pass if she/he obtains anaverage mark of not less than 85% at the Examination at the first attempt.

(vi) A candidate who has passed the Examination leading to the Diploma inMicro-Finance may be awarded a Merit Pass if she/he obtains an averagemark of dct less than 75% at the Examination at the first attempt.

(vi.: The.ce shal. ~'e no referred examinations.

Part IV - Interpretation

25. In 11:':,;sl."By-laws unless the context otherwise requires.

"Council" means the Council of the University of Colombo constituted by theUniversities t-'.ctNo. 16 of ~978 as amended subsequently.

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--"Senate" 1, leans the Senate of the Uni versity of Colombo constituted by the UniversitiesAct No. < 6 of 1978 as amended subsequently.

"Ur.: -ersity" lT~C<il1S 1.h..' University of Colombo.

"Head" means the Head.Deparunent of Economics, University of Colombo.

"Faculty Board" means 'tLe Faculty of Board of the Faculty of Arts of the University ofColombo constituted under the Universities Act No. 16 of 1978.,

"Department" means the Department of Economics, Faculty of Arts, University ofColombo.

26 Any question regarding the interpretation of these Council By-laws shall be referredto the Cc.incil whose decision thereon shall be final.

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