Consider the following statements regarding the Securities and Exchange Board of India (SEBI):
1. SEBI is a constitutional body in India.
2. SEBI has the power to order search and seizure operations.
3. Appeals against SEBI's decisions can be made first to the Securities Appellate Tribunal (SAT) and then to the Supreme Court of India.
Which of the statements given above are correct?
1
1 only
2
2 and 3 only
3
3 only
4
1 and 3 only
5
1, 2 and 3