Concept:The Memorandum of Association is the charter of a company and contains only the basic conditions required for its formation and registration.
Explanation:The Memorandum of Association states the name clause, registered office clause, objects clause, liability clause, capital clause, and association clause.
These clauses deal with the company's relationship with outsiders.
The rights of shareholders are internal matters of the company.
Shareholders' rights are therefore stated in the Articles of Association, not in the Memorandum of Association.
Answer:B. rights of shareholders