AdSense API revenue sharing is temporarily not available. So you can not apply for an Adsense account through ISC. However the ISC team is working with Google to resolve the issue, and it will be restored as soon as possible.
However in general, to apply for an Adsense account you should have the following criteria:
1. Complete your ISC profile with name, address, country, gender, age group, date of birth, etc. Please do not worry while sharing your address as it will be visible to Webmaster only.
2. You have to upload your genuine photo in your ISC profile.
3. You will have to contribute atleast 10 quality articles in the resource section.
4. You have to reach the Gold level membership.
5. You have to be active in ISC for 6 months with your regular and steady contributions.
After fulfilling the above mentioned criteria, you can apply for an Adsense account through ISC. Please note that ISC will never give any guarantee that Google will accept your Adsense application.
Please refer the following articles which will help you to get some idea:
How to apply for Google AdSense program through India Study ChannelHow to get Google Adsense account approved through ISC?How to create adsense account from ISC?