Question 1 El. The business of Alpha Ltd {'the oompany'} is that of a property developer. Alan, Gaone and Thabani are The only directors and shareholders of the company, each owning 104] shares. In addition, Alan has been appointed as Managing Director. The constitution oi The company contains the following clauses: {i} in the event of a resolution being proposed at a general meeting of The company for the removal from ofce of a director, any shares held by That director shall carry The right to Three votes per share; {ii} James shall be The Company Secretary; {iii} The Managing Director; Hlanl shall have the power To veto any board decision relating to The purchase or acquisition of any property. At a recent hoard meeting, Alan tried to exercise his veto after The board decided to purchase a warehouse, but Gaone and Thabaui ignored Alan's veto. They then called a general meeting which passed a resolution ratifying The decision oi the hoard. l[Gaone and 'Ihabani are also considering calling another general meeting to remove Alan as a director. James acted as the Company Secretary, but has since been removed. Advise Alan and James as to whether They can rely on any of The above constitution. {1D marks) With The aid of decided case-s, discuss The tircumstances under which lifting of The corporate veil 1virouluti be permissible. {10 marks}