Consider the following statements regarding the rise of number of political parties in India.

1. Section 29A of Representation of People’s Act, 1951, requires an association to register itself with Election Commission within 30 days of its formation.

2. Before its introduction, the process was fully regulated by ECI under the Election Symbols (Reservation and Allotment) Order, 1968.

3. The Election Commission had the option to register or not to register an association as a political party.

4. This has created issues like use of money and muscle power to win election, that adversely affects the quality of governance in the country.

Which of the statements given above is/are correct?