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of <h1>F.I.A.M.C. Bio-Medical Ethics Centre Gains Approval Under Sec 35(1)(iii) of Income-tax Act; Valid Until March 1992</h1> The F.I.A.M.C. Bio-Medical Ethics Centre at St. Plus X College in Bombay has been approved under section 35(1)(iii) of the Income-tax Act, 1961, by the Director-General of Income-tax (Exemptions) and the Secretary, Department of Scientific and Industrial Research. This approval is valid from April 1, 1991, to March 31, 1992, and requires the organization to maintain separate accounts for scientific research funds, submit annual research activity reports by May 31, and provide audited financial accounts by June 30 each year. The organization must apply for an extension of approval three months before expiration.
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