Which of the following is not a correct statement?

Explanation:

A company needs to file the memorandum of association and the articles of association with the registrar of the company at the time of Incorporation.

The Memorandum of Association (MOA) refers to the primary and secondary objectives of the organization. It was signed by the promoters of the organization.

 It decides the constitution of the company.

The articles of association decides the manner in which the company will achieve the objectives and internal regulations. Thus, the articles are subordinate to the Memorandum of articles.

Final answer:

Hence, the correct option is D i.e Memorandum controlled by the Articles.