The Act of 1983 is hereby amended -
(a) by the substitution in section 41(4) of the following paragraph for, paragraph (a):
"(a) the redemption of preference shares in pursuance of section 65 of the Principal Act or the redemption or purchase of shares in pursuance of Part XI of the Companies Act, 1990;";
(b) by the deletion of section 43(13);
(c) by the insertion after section 43 of the following new section:
43A.Where a company or a nominee of a company holds shares in the company or an interest in such shares, such shares shall not be shown in the balance sheet of the company as an asset, but -
(a) the deduction of the cost of the acquired shares from the profits available for distribution, and
(b) the nominal value of such shares,
shall be disclosed in the notes to the accounts and the profits available for distribution shall accordingly be restricted by the amount of such deduction.";
(d) by the substitution in section 51(2) of the following paragr