Which of the following would not be stated in Memorandum of Association?

The option that would not be stated in Memorandum of Association is "Rights of shareholders". The Memorandum of Association is a legal document that contains the fundamental conditions upon which a company is allowed to operate. It contains clauses such as the name clause, registered office, and objective clause. The rights of shareholders, on the other hand, are contained in the Articles of Association, which is another legal document that outlines the internal regulations of a company. Therefore, the rights of shareholders are not stated in the Memorandum of Association.