Indian Polity · Polity and Governance

With reference to plea bargaining under the Bharatiya Nagarik Suraksha Sanhita, 2023, consider the following statements: I. An application for plea bargaining may be moved by the accused within a prescribed period from the date of framing of charge. II. It extends to every offence punishable with imprisonment up to seven years, without excluding socio-economic offences or offences committed against women and children below fourteen years of age. Which of the statements given above is/are correct?