Exemption under section 35(1)(ii): institutional approval conditioned on separate research accounts and annual reporting requirements. Approval under exemption under section 35(1)(ii) is granted to the Indian School of Mines, Dhanbad, subject to maintaining a separate account for research funds and furnishing an annual return of scientific research activities to the prescribed authority in the specified form by the prescribed annual deadline; the approval takes effect from the stated commencement date and is conditional on continued compliance.