book(commercial application of company law)

1.Look at question 3 of Problem Set 7.Assume for the purposes of this question that the board of AMGL issued 500,000 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?

See [13-180] - [13-300], [15-140] and s1317E of the Corporations Act