Approval under Section 35(1)(ii) conditions institutional research recognition with specified accounting, reporting and renewal duties. Approval under Section 35(1)(ii) recognises the institution for scientific research purposes subject to conditions: maintain a separate account for research receipts; furnish annual research returns to the Department of Scientific and Industrial Research by the prescribed deadline; submit audited annual accounts of income, expenditure, assets and liabilities to specified tax and research authorities by the prescribed date; and apply in triplicate through the tax authority for extension of approval with multiple copies to the research department prior to expiry.