4. With reference to the Arbitration and Conciliation (Amendment) Act, 2019, consider the following statements:
1. It establishes an independent body called the Arbitration Council of India (ACI).
2. In the case of international commercial arbitration, appointments will be made by the institution designated by the Ministry of Commerce and Industry.
3. For domestic arbitration, appointments will be made by the institution designated by the concerned State Governments.
Which of the statement(s) given above is/are incorrect?