Concept:The memorandum of association is the charter of a company and defines its fundamental constitution, including its aims and scope.
Explanation:The memorandum of association contains clauses such as the name clause, registered office clause, object clause, liability clause, capital clause, and association clause.
The object clause states the purpose or business activities the company is formed to carry out.
Directors' names, appointment of directors, and payment of dividends are matters usually covered by the articles of association and company regulations, not the memorandum.
Therefore, the object of the business is a compulsory part of the memorandum of association.
Answer:C. object of the business