Clause 2, sub clause (4) provides: "in the case of the constitution of the Governing Bodies of admitted colleges (except colleges owned and maintained by Government) framed prior to the making of these Statutes, the Vice Chancellor shall have the power to amend or revise the constitution wherever necessary in order to bring it, as far as possible, in conformity with the provisions of these Statutes" Clause 3(l) reads thus: "The Syndicate may on its motion or at the instance of the Vice Chancellor dissolve and order constitution of Governing Body in admitted colleges or cancel its grant in aid to the college concerned for any one or more of the following reasons: (a) that the college has failed to comply with the directions issued by the Syndicate under the laws of the University within the specified time; (b) that the college has failed to observe the provisions of the laws of the University; (c) improper utilisation of the various funds of the institution; (d) that the affairs of the college have been grossly mismanaged.