Which of the following statements about share capital is TRUE?(A) A company's shares are generally transferable.(B) Share application account is a personal account.(C) The part of capital which is called up only on winding up of a company is called reserve capital.(D) Paid up capital can exceed called up capital.Choose the correct answer from the options given below:

Let's analyze each statement:(A) Shares of a public company are freely transferable $\to$ True.(B) Share application account represents shareholders/applicants, making it a personal account $\to$ True.(C) Reserve Capital is that part of capital reserved specifically for winding up $\to$ True.(D) Paid-up capital cannot exceed called-up capital (unless there are calls-in-advance, but fundamentally paid-up capital represents the portion of called capital that has been received) $\to$ False.Thus, statements (A), (B), and (C) are true.