Section 74: Exemption from application of provisions relating to prospectus in certain cases.

The provisions of sections 71 and 73 of this Act shall not apply to the issue:(a) made to the existing members of a company or to a prospectus or form of application relating to shares in the company whether or not an applicant for shares has the right to renounce in favour of other persons; or
(b) of a prospectus or form of application relating to securities which are to be in all respects uniform with securities previously issued and for the time being dealt in or quoted on a securities exchange or capital trade point.