Approval under section 35(1)(ii) for research association, subject to separate accounts, annual returns, audited accounts, and renewal requirements. Approval under section 35(1)(ii) is granted to Diabetes Research Centre Foundation, Madras as an Association, subject to maintaining a separate account for research receipts, filing annual research activity returns by 31st May, submitting audited annual accounts and balance-sheet to the prescribed authority and tax offices by 30th June, and applying for further extension before the approval expiry; the approval covers 1st April, 1988 to 31st March, 1989.