Regulation 34 Restriction of Companies Acts.

(1) The following provisions of the Companies Acts shall not apply to a company to which this chapter applies -

(a) Companies Act, 1963 -

Section 58 (Return as to allotments);

Section 60 (Giving of financial assistance by a company for the repurchase of its shares);

Section 69 (Notice to registrar of certain alterations in share capital);

Section 70 (Notice of increase of share capital);

Section 72 (Power of company to reduce its share capital);

Section 119 (Inspection of register and index);

Section 125 (Annual return to be made by a Company having a share capital).

(b) Companies (Amendment) Act, 1983 -

Sections 23 to 25 (pre-emption rights);

Section 40 (Maintenance of capital);

Part IV (Restrictions on distribution of profits and assets).

(2) Section 6 (4) (a) of the Companies Act, 1963, shall have effect in relation to a company to which this chapter applies as if the words "and the division thereof into shares of a fixed amount" were omitted.