Research approval under section 35(1)(ii) granted; compliance conditions, separate accounts, audit and potential withdrawal specified. Approval is granted to Hastimal Sancheti Memorial Trust as an approved organisation for research expenditure, effective 1 4 2005, subject to conditions: sums must be used for scientific research carried out by faculty or students; separate books of account for research funds must be maintained and audited by a qualified accountant with the audit report and a certified statement of donations and amounts applied for research furnished to the income tax authority by the return due date; approval may be withdrawn for failures to maintain accounts, furnish required reports, cease genuine research, or cease compliance with the governing provisions and rules.