(1) Subject to subsection (2) a scholarship shall be forfeited—
(a) by expulsion of the scholarship holder from the university, college or institution;
(b) by failure of the scholarship holder to pass any examination within the period fixed by the competent authorities of the university, college or institution unless the Cabinet is satisfied on the recommendation of the authorities of the university, or college or institution that the scholarship holder has been prevented from passing the examination in circumstances which would not in their judgment justify forfeiture;
(c) if the scholarship holder enters on any course of study or accepts any appointment which is not approved by the Cabinet;
(d) if the scholarship holder fails to comply with the requirements of this Chapter or of any regulations made thereunder without furnishing satisfactory evidence that the cause of such failure was beyond his or her control;
(e) by reason of any event either before or after the scholarship holder has entered on any course of study which in the opinion of the Cabinet is likely to be prejudicial to the object for which the scholarship was granted; or
(f) on proof to the satisfaction of Cabinet of grave misconduct by the scholarship holder at any time after the award.
(2) The Cabinet may either before or after the scholarship holder has commenced studies, in lieu of declaring the scholarship to be forfeited, forfeit the whole or a portion of the scholarship accruing or payable in respect of any specified period if in the opinion of the Cabinet the circumstances of the case would be sufficiently met by the adoption of such a course.