Which one of the following statements is not correct?

1
President can make rules specifying the manner in which the orders and other instruments made and executed in his name shall be authenticated.
2
President can send messages to the Houses of Parliament, whether with respect to a bill pending in the Parliament or otherwise.
3
President can promulgate ordinances when the Parliament is not in session on the subjects mentioned in state list.
4
President constitutes a finance commission after every five years to recommend the distribution of revenues between the Centre and the states.

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