Approval under section 35(1)(ii) grants research institution recognition subject to reporting, audited accounts, and renewal conditions. Jai Research Foundation is approved as an institution under section 35(1)(ii) for scientific research subject to conditions: maintain a separate account for research receipts; furnish annual research returns by 30 April; submit audited annual accounts, income and expenditure statement and balance sheet to the prescribed authority and the Commissioner of Income tax by 30 June; and apply for extension three months before approval expiry, with late applications liable to rejection. The approval is effective for the period specified in the notification.