Tax exemption for specified pension fund conditioned on compliance, reporting, segmented accounts, and prohibition of borrowing. CPPIB India Private Holdings Inc. is specified as a specified person for clause (23FE) exemption for eligible investments in India, contingent on conditions including filing returns for relevant years, furnishing the prescribed compliance certificate, quarterly investment intimation, maintaining segmented accounts, remaining regulated under Canadian law, using earnings solely to meet statutory obligations and defined contributions for beneficiaries, prohibiting borrowing for Indian investments, and refraining from day to day participation in investees while retaining monitoring and director appointment rights.