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1. Based on the Companies Act 2016, advise the relevant parties on the following situations. (a) GRIT Bhd (GRIT) is a listed issuer. Steve, one

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1. Based on the Companies Act 2016, advise the relevant parties on the following situations. (a) GRIT Bhd (GRIT) is a listed issuer. Steve, one of the directors, argues that he was| approached in a social setting in which the business opportunity was first offered to him instead of to GRIT. Advise GRIT on Steve's claim. (30 marks) (b) Does GRITs lack of capacity permit Steve, as the director, to take the corporate opportunity? Advise GRIT. (10 marks)

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