Consider the following statements:

1. The Trademarks Act of 1999 governs the regime of trademarks and their registration in India.

2. According to Section 25 of the 1999 Act, once registered, a trademark is valid for 20 years and can be renewed by the owner periodically.

3. It guarantees protection for trademarks registered with the Controller General of Patents, Designs, and Trademarks.

How many of the statements given above is/are correct?