138No mutual fund or its mutual fund manager or distribution company shall knowingly enter into any contract or other arrangement that results in its being directly or indirectly liable or contingently liable in respect of any investment by way of loan to, or other investment in, a person to whom it is by section 137 prohibited from making a loan or in whom it is by section 137 prohibited from making any other investment, and for the purpose of section 137 any such contract or other arrangement shall be deemed to be a loan or an investment, as the case may be.