Which of the following statement(s) is/are found to be correct? I. The inaugural meeting of the Constituent Assembly was held under the chairmanship of Dr Sachidanand Sinha. II. The Constituent Assembly had 385 members out of which 292 from British Indian Provinces and 93 members as representative of the Indian states. III. It was the Indian Independence Act, 1947 that triggered a completely change in its character as it was converted into a sovereign body.