Companies law

Answer hccorcling to Australian law. AGE Software Pty Ltd {AGE} is a small proprietary company limited by shares that develops, tests and markets its own "antimalware\" software products. Ben has been the sole director at AGE for two years, and prior to that appointment he had served in many other executive roles for a variety of software companies. Ben also holds 40% of the shares in AGE. The remaining shares {60%) are held by 5 other shareholders who are not directors in AGE. Ben and the employees of AGE consider themselves to be highly skilled and knowledgeable in their eld. AGE has been increasing its share in the antivirus software market over the last year which has attracted the attention of the marketleading company, Big Nanny Ltd {Nanny}. Nan ny makes an offer to Ben that the company will purchase as many shares in AGE as Ben can sell to them, paving him $13.95 per share. This offer is very generous as a recent independent valuation valued AGE shares at only $12.95 each. Ben swiftly makes an offer to buy the shares of the other 5 shareholders in AGE. These shareholders accept Ben's offer of $13.50 per share to sell most of their shares. However, after the sale is completed, the shareholders are shocked to find out that Ben subsequently sold his newly acquired shares to Nanny for $13.95 each. The shareholders are further shocked when they learn by chance that Ben's wife is the Managing Director of Nanny. Question 1: Answer both A and B A}. Discuss Ben's liability as a director in terms of the Corporations Act 2001 {Eth} and the relevant case law B). Discuss the possible remedies that AGE and the shareholders of AGE could seek against Ben