With reference to the Memorandum of Procedure for the appointment of judges, consider the following statements:
1. It is an agreement between the judiciary and the government regarding appointments of judges to both Supreme Court and High Court.
2. The government is bound to notify the appointments if the collegium reiterates its decision in second instance.
3. It specifies a timeframe for the central government to act on a collegium decision.
How many statements given above are correct?