The charter of a company is its _________.

prospectus
statement lieu of prospectus
memorandum of association
articles of association

The correct answer is C. memorandum of association.

A memorandum of association is a document that sets out the basic information about a company, such as its name, registered office, and objects. It is one of the two main documents that must be filed with the Registrar of Companies when a company is formed. The other document is the articles of association, which sets out the rules and regulations that govern the company’s internal affairs.

A prospectus is a document that is used to raise capital for a company. It contains information about the company, such as its business plan, financial projections, and management team. A statement in lieu of prospectus is a document that is used to raise capital for a company that is not required to file a prospectus. It contains less information than a prospectus, but it must still be filed with the Registrar of Companies.

In conclusion, the charter of a company is its memorandum of association. It is a document that sets out the basic information about the company, such as its name, registered office, and objects. It is one of the two main documents that must be filed with the Registrar of Companies when a company is formed.