Consider the following statements regarding a joint-stock company:(A) A company's shares are generally freely transferable.(B) Shareholders of a company are personally liable for the acts of the company.(C) The director of a company must always be a shareholder.(D) Paid-up capital can exceed called-up capital.Note: This question was dropped from the official key due to errors in statement designs. Let's evaluate the correct conceptual stance.

Let's evaluate each statement logically:(A) is correct: In a public limited company, shares are freely transferable assets.(B) is incorrect: Companies possess a separate legal identity; shareholders enjoy limited liability up to the unpaid face value of their shares.(C) is incorrect: Legally, a director does not mandatory need to be an equity shareholder unless specifically required by the company's Articles of Association (known as qualification shares).(D) is incorrect: Paid-up capital cannot exceed called-up capital unless shareholders pay calls-in-advance, which is classified separately.Since no standard combination matched safely, this item was officially dropped. The primary factual statement is (A).