Research institution approval: association status granted subject to separate research accounts and annual audited reporting deadlines. Approval is granted to the Diabetes Research Centre Foundation, Madras, as an Association for purposes of clause (ii) of sub section (1) of section 35 read with rule 6, subject to conditions: maintain a separate account for scientific research; furnish annual returns of scientific research activities to the prescribed authority by 30 April each year; and submit audited annual accounts and balance sheet to the prescribed authority and the concerned Commissioner of Income tax by 30 June each year. The notification specifies an effective period for the approval.