this IRAC question again. it is from company law. IRAC means Issue, Rule , Application or apply and conclusion. for the answer.

Question Three (Part b)- chapter 13. Expansion Ltd required additional capital and the company had decided to borrow funds from its bank instead of issuing shares. However, an opportunity arose whereby the required capital could be raised by issuing more shares to Shanali, who agreed not to remove any of the directors for five years. Shanali currently holds 30% of the shares, but with the new share issue, will hold 62% of the shares in the company. REQUIRED: Discuss whether the directors have breached any duty in relation to the share issue, along with any consequences for such a breach. As authorities to support your answer, include references to cases and sections of the Corporations Act