Section 53(1) in The Rajiv Gandhi Proudyogiki Vishwavidyalaya Adhiniyam, 1998
(1)If the State Government is satisfied that owing to maladministration or financial mismanagement in the Vishwavidyalaya a situation has arisen whereby financial stability of the Vishwavidyalaya has become insecure, it may by notification, declare that the finances of the Vishwavidyalaya shall be subject to the control of the State Government.
