The following provisions of the Companies Code shall not affect the mutual fund company unless otherwise specified in writing by the Registrar of Companies acting in consultation with the Commission-

(a) section 59 (acquisition by a company of its own shares);

(b) section 60 (redemption of redeemable preference shares);

(c) section 61 (purchase by company of its own shares);

(d) section 62 (limit on number of shares acquired);

(e) section 63 (opening of share deals account);

(f) section 66 (stated capital);

(g) section 67 (reduction of stated capital);

(h) sections 275 to 279 (relating to invitation to the public and prospectus);

(i) section 281 to 284 (relating to waiting periods after publication of prospectus; withdrawal of application for shares; invitations in respect of securities to be dealt in on a stock exchange and minimum subscription); and

(j) section 314 (control of public invitations relating to external companies). [As substituted by Securities Industry (Amendment) Act, 2000 (Act 590) s. 10]