Explanation:

Deregistration means the cancellation of the registration of a political party. In India, the Election Commission (ECI) is not empowered to de-register parties. Hence statement 1 is not correct. • The ECI can only derecognize a political party. Derecognition means the withdrawal of the recognition of a political party by the ECI. Such parties are known as registered unrecognized parties. • ECI derecognizes a political party if it violates either: o the Indian Constitution or o the Representation of the People Act, 1951. • Recently, the ECI derecognized the TMC, NCP and CPI as national parties. Hence statement 2 is not correct. • The grounds for such derecognition (as per ECI) include: o If the party has failed to secure at least 6% of the total votes polled in the general election to the Lok Sabha or the legislative assembly of the state concerned, and if it fails to have at least 4 MPs elected in the last LS polls (also, if it doesn't win 1 seat in the LS from the same state), o If it has failed to win at least 2% of the total seats in the LS from at least 3 states o If it has failed to secure 8% of the total valid votes polled in the state at a General Election to the LS from the state or to the State LA. o If the party has failed to submit its audited accounts to the ECI on time. o If the party has failed to hold its organizational elections on time.