The charter of a company is its _________.

A. prospectus

B. statement lieu of prospectus

C. memorandum of association

D. articles of association

Answer: Option C

Solution(By Examveda Team)

The charter of a company is its memorandum of association. An important step in the formation of a company is to prepare a document called memorandum of association. It is the charter of the company and is very important document as it contains the basic conditions on which the company is incorporated.