Explanation:

The Central Vigilance Commission was set up by the Government in February 1964 on the recommendations of the Committee on Prevention of Corruption, headed by Shri K. Santhanam, to advise and guide Central Government agencies in the field of vigilance. It was set up under the Prevention of Corruption Act, of 1988. Hence statement I is not correct and statement II is correct. • The CVC is not controlled by any Ministry/Department. It is an independent body that is only responsible for the Parliament. The Commission shall consist of A Central Vigilance Commissioner - Chairperson; • Not more than two Vigilance Commissioners - Members; The Central Vigilance Commissioner shall hold office for a term of four years from the date on which he enters upon his office or till he attains the age of sixty-five years, whichever is earlier. • The Central Vigilance Commissioner, on ceasing to hold the office, shall be ineligible for reappointment in the Commission or for further employment under the Central or state government. • The CVC is not an investigating agency. The CVC either gets the investigation done through the CBI or through the Departmental Chief Vigilance Officers. Secondly, the CVC orders investigation into cases of officials of Central Government Departments/Companies/Organisations only.