(1) Neither section 678 nor section 679 prohibits a transaction to which this section applies.
(2) Those transactions are—
(a) a distribution of the company's assets by way of—
(i) dividend lawfully made, or
(ii) distribution in the course of a company's winding up;
(b) an allotment of bonus shares;
(c) a reduction of capital under Chapter 10 of Part 17;
(d) a redemption of shares under Chapter 3 or a purchase of shares under Chapter 4 of this Part;
(e) anything done in pursuance of an order of the court under Part 26 [or 26A] (order sanctioning compromise or
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