Explanation:

The Tribunal Reforms Act, 2021

• It seeks to dissolve certain existing appellate bodies and transfer their functions to other existing judicial forums such as a civil court or a High Court.
• It seeks to empower the Central Government to make rules for qualifications, appointment, term of office, salaries and allowances, resignation, removal and other terms and conditions of service of Members of Tribunals.
• It provides that the Chairperson and Members of the Tribunals will be appointed by the Central Government on the recommendation of a Search-cum-Selection Committee.

Hence only statement 2nd is correct.