Para 2 - COMPANIES ELIGIBLE FOR APPROVAL - Guidelines For Approval Of In-house R & D Centres 2016 (Updated 2017)

COMPANIES ELIGIBLE FOR APPROVAL 3. Companies having In-house R D centers, which satisfy the following conditions, are eligible to apply for approval of the 'Prescribed Authority': i) The company has well defined R D programs; The company maintains proper documentation for the R D programs taken up; ii) The R D centres are holding valid recognition by DSIR; iii) The company shall be engaged in the business of Biotechnology or in the business of manufacturing or production of any article or thing other than those specified in the list of the Eleventh Schedule. iv) The company maintains separate accounts for the R D expenditures and report the capital recurring expenditures after duly audited by Statutory Auditors. v) The in-house R D centre is located in a separate earmarked area/building and has exclusive R D manpower of its own; vi) The R D centres are exclusively engaged in research and development for production of any article or thing not being an article or thing specified in the list of the eleventh schedule of the Income Tax Act placed at Annexure VI.