Which statements among the following are CORRECT?(A) A public company's shares are generally transferable.(B) Share application account is a personal account.(C) The director of a company may be a shareholder.(D) Paid up capital can exceed called up capital.Choose the correct answer from the options given below:

Let us examine each statement:(A) is correct: Shares of a public limited company are freely transferable.(B) is correct: Share Application Account represents the institutional or individual applicants, making it a Representative Personal Account.(C) is correct: Directors often hold qualification shares or choose to own equity, so they can definitely be shareholders.(D) is incorrect: Paid-up capital is that part of called-up capital which has been paid by shareholders. It can be less than or equal to called-up capital (if there are calls-in-arrears), but it can never exceed called-up capital (advance calls are kept in a separate Calls-in-Advance account and are not part of paid-up capital until called).Therefore, statements (A), (B), and (C) are correct.