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2. Look at question 3 of Problem Set 7. Assume for the purposes of this question that the board ofGML issued 10 million shares in

2. Look at question 3 of Problem Set 7. Assume for the purposes of this question that the board ofGML issued 10 million shares in breach of its duty to exercise the share issue power for a proper purpose. What action, if any, can ASIC take against the directors who voted in favour of the share issue?

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