Research exemption approval under section 35(1)(iii) requires separate accounts and annual utilisation reporting to prescribed authority.

The Institute of Management Development, U.P., Lucknow is approved by the Indian Council of Social Science Research as the prescribed authority for the exemption under section 35(1)(iii), subject to maintaining separate accounts for funds received under this exemption and submitting an annual report to the prescribed authority detailing the funds received and their utilisation; the notification sets an effective period and records a substitution to the originally notified dates.

---

---

---