Consider the following statements regarding the Bar Council of India (BCI):1.It is a statutory body created under the Advocates Act, 1961.2.Its disciplinary jurisdiction under the Act extends to regulating the professional and academic conduct of law students prior to their enrolment as advocates.Which of the statements given above is/are correct?

Statement 1 is correct because the BCI is a statutory body created under the Advocates Act, 1961. Statement 2 is incorrect because the Supreme Court recently clarified that the BCI lacks statutory jurisdiction to regulate the conduct of law students prior to their enrolment as advocates; disciplinary jurisdiction applies solely to registered advocates.