60. 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).”.