(1) Section 60 of the Act of 1963 is amended by substituting the following subsections for subsections (12) and (13):
"(12) Nothing in this section shall be taken to prohibit -
(a) the payment by a company of a dividend or making by it of any distribution out of profits of the company available for distribution;
(b) the discharge by a company of a liability lawfully incurred by it;
(c) the provision of finance or delivery of security to discharge, or effect what is commonly known as refinancing of, an existing loan or other liability or security in relation to that existing loan where the incurring of the existing loan or liability or the delivery of the existing security had occurred under the authority of a special resolution of the company passed in accordance with subsection (2);
(d) subject to subsection (13), where the lending of money is part of the ordinary business of the company, the lending of money by a company in the ordinary course of its business;
(e) subject to sub