Section 75 of the Principal Act is amended -

(a) by the substitution, in subsection (2), of "not less than 5 and not more than 7 members" for "5 members", and

(b) by the substitution, in subsection (9), of the following paragraphs for paragraphs (a) and (b):

"(a) is adjudicated bankrupt and such bankruptcy has not been annulled or discharged,

(b) is an individual who is party to an insolvency arrangement that has not ceased to have effect,".