Explanation:

The Election Commission of India is an autonomous constitutional authority responsible for administering Union and State election processes in India. The body administers elections to the Lok Sabha, Rajya Sabha, State Legislative Assemblies in India, and the offices of the President and Vice President in the country (Article 324).

• The Election Commission shall consist of the chief election commissioner and such number of other election commissioners, if any, as the President may from time to time fix.
• Presently, it consists of the Chief Election Commissioner and two Election Commissioners.
• The Constitution has not prescribed the qualifications (legal, educational, administrative or judicial) of the members of the Election Commission.
• The Constitution has not specified the term of the members of the Election Commission.
• The Constitution has not debarred the retiring election commissioners from any further appointment by the government. 
• Any other election commissioner or a regional commissioner cannot be removed from office except on the recommendation of the chief election commissioner. 

Hence both statements are correct.