Explanation:

Only statements 1&3 are correct.

Recently, the Parliament has passed the Mediation Bill 2023.

• The Bill requires persons to try to settle civil or commercial disputes through mediation before approaching any court or tribunal. 

• A party may withdraw from mediation after two mediation sessions. 

• The mediation process must be completed within 180 days, which may be extended by another 180 days by the parties. 

• The Bill provides for the setting up of The Mediation Council of India.

• Its functions will include registering mediators, and recognising mediation service providers and mediation institutes.

Hence option 2nd is correct.