Cap, 25: 30 GWANDA STATE UNIVERSITY No, 5/2016 (e) cause to be prepared annually a statement of the income and expenditure of the University during the previous financial year, and of the assets and liabilities of the University on the last day of such year; (f) submit statements of income and expenditure referred to in paragraph (e) to audit by an auditor appointed by the Council, and publish such statements and the auditor's reports thereon; cause to be prepared annually estimates of income and expenditure for the following financial year; (g) (h) (i) cause to be prepared and made available to the public a report on the activities of the University during each year; prepare and refer to the Senate any proposed amendment, repeal or replacement of the Statutes. (2) Without limitation on any other powers conferred on the Council by this Act, the Council shall have the following powers — (a) to receive recommendations from the Senate for conferment, withdrawal or restoration of degrees, including honorary degrees, and diplomas, certificates and other awards and distinctions of the University and, if approved, to submit them to the Chancellor; (b) to amend, repeal or replace the Statutes in terms of section 31(2); (c) to administer the property of the University and control its affairs and functions; (d) to delegate its functions to the Executive Committee or any other committee or officer of the University: Provided that the delegation of any such function shall not prevent the Council from exercising that function; (e) (f) 12 to exercise on behalf of the University such of the powers set out in section 4(2) as are not exercisable in terms of this Act by any other authority; to do such other acts as it considers to be necessary for the proper administration of the University and the achievement of its objects. Disqualification for appointment as Council member The Minister shall not appoint a person as a member of the Council and no person shall be qualified to hold office as a member of the Council who— (a) is not a citizen of Zimbabwe or permanently resident in Zimbabwe; or (b) has, in terms of any law in force in any country— (i) been adjudged or otherwise declared insolvent or bankrupt and has not been rehabilitated or discharged; or (ii) made an assignment to, or arrangement or composition with, his or her creditors which has not been rescinded or set aside; or has, within the period of five years immediately preceding the date of his or her proposed appointment, been sentenced to a term of imprisonment of or exceeding six months, whether or not any portion has been suspended, (c) 165