Specified person designation for pension fund secures tax exemption on dividend and capital gains subject to compliance. The Central Government specifies pension fund 1000242244 Ontario Inc. as a specified person for exemption of dividend and long-term capital gains from eligible investments in India, subject to conditions: file timely income-tax returns; furnish Form No. 10BBC; intimate investments quarterly in Form No. 10BBB; maintain segmented accounts; remain regulated under Ontario law; use earnings only for statutory obligations and defined contributions to beneficiaries; refrain from loans/borrowings for investment in India; avoid day-to-day participation in investees while retaining monitoring rights; and hold investments for at least three years.