Specified fund compliance requires resident unit holders to exit promptly, maintain records, and report exempt income correctly. The specified fund must ensure that a unit holder, other than the sponsor or manager, who becomes resident in India after the year of issue ceases to hold the units within three months from the end of that year. The fund must maintain prescribed records of unit holders, certify compliance, and furnish information on units held by residents in Form No. 68. Non-resident unit income is not exempt unless the fund complies with the certification requirement.