With respect to the Inter-State River Water Dispute Act, 1956, which of the following statements is/are correct?

President of India can setup a Water Disputes Tribunal.

The tribunal must decide on the dispute within 1 year.

All decisions of the Tribunal are final and binding.

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Question

Any State may request the Centre to refer an inter-State river dispute to a tribunal for adjudication.
If the Centre feels that negotiations cannot settle the dispute, it may setup a Water Disputes Tribunal within 1 year of the complaint.
The tribunal must decide on the dispute within 3 years, which may be extended by 2 years.
If the matter is again referred to the Tribunal for further consideration, it must submit a report to the Centre within 1 year.
All decisions of the Tribunal are final and binding and has the same force as an order of the Supreme Court.
The Centre may create a scheme to give effect to the decision of the tribunal.
It is also tasked with maintaining a data bank of each river basin in the country.

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Any State may request the Centre to refer an inter-State river dispute to a tribunal for adjudication.
If the Centre feels that negotiations cannot settle the dispute, it may setup a Water Disputes Tribunal within 1 year of the complaint.
The tribunal must decide on the dispute within 3 years, which may be extended by 2 years.
If the matter is again referred to the Tribunal for further consideration, it must submit a report to the Centre within 1 year.
All decisions of the Tribunal are final and binding and has the same force as an order of the Supreme Court.
The Centre may create a scheme to give effect to the decision of the tribunal.
It is also tasked with maintaining a data bank of each river basin in the country.