(1) The following provisions of the Companies Acts shall not apply to a company to which this chapter applies -
(a) the Companies Act 1963 -
Section 53 (minimum subscription and amount payable on application);
section 56 (applications for, and allotment of, shares and debentures);
section 58 (return as to allotments);
section 60 (giving of financial assistance by a company for the purchase of its shares);
section 69 (notice to registrar of certain alterations in share capital);
section 70 (notice of increase in 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) the Companies (Amendment) Act 1983 -
section 5(2) (minimum amount of share capital);
section 6 (restriction on the commencement of business by a public limited company);
section 19 (meaning of "authorised minimum");
sections 20(3) and 20(4) (duration of authority to allot se