With reference to the Indian Institutes of Information Technology (IIITs) Laws (Amendment) Bill, 2020, consider the following statements:
1. The Bill seeks to declare five IIITs set up under the PPP mode in Surat, Bhopal, Bhagalpur, Agartala, and Raichur as institutions of national importance.
2. Currently, these institutes are registered as Societies under the Societies Registration Act, 1860 and have the power to grant degrees or diplomas.
Which of the statements given above is/are correct?