Section 17 of the Act of 1993 is amended -

(a) in subsection (2) -

(i) by the substitution of "Subject to subsection (3), the articles" for "The articles",

(ii) in paragraph (a), by the substitution of "7, 8 or 9" for "9",

(iii) in paragraph (c)(i), by the substitution of "not more than 5 years" for "4 years", and

(iv) by the deletion of paragraph (f),

and

(b) by the insertion of the following subsection after subsection (2):

"(3) Paragraphs (a) and (b) of subsection (2) shall not apply to a director of the company who is such director by virtue of section 38(6).".