Approval as Scientific Research Association subject to use of funds, separate accounting, audit filing and donation reporting conditions. National Institute of Ocean Technology, Chennai is approved as a Scientific Research Association permitting sums paid to it to be utilized for scientific research, provided it conducts research through faculty or enrolled students, maintains separate books of account for research receipts and expenditures, obtains an audit by a qualified accountant and files the audit report with the tax authority by the return due date, and maintains an auditor certified statement of donations and amounts applied for research; approval is withdrawable for specified non compliances.