Despite section 53, a company may give financial assistance to any person by means of a loan, guarantee or otherwise—
(a) in the ordinary course of business, if the lending of money is part of the ordinary business of the company;
(b) on account of expenditures incurred or to be incurred on behalf of the company;
(c) to a holding body corporate if the company is a wholly-owned subsidiary of the holding body corporate;
(d) to a subsidiary body corporate of the company;
(e) to employees of the company or any of its affiliates; and
(f) to shareholders of the company—
(i) to enable or assist them to purchase or erect living accommodation for their own occupation,
(ii) in accordance with a plan for the purchase of shares of the company or any of its affiliates to be held by a trustee, or
(iii) to enable or assist them to improve their education or skills, or to meet reasonable medical expenses.