Long-term specified securities: exemption under section 54EA subject to reinvestment from capital gains and holding-period conditions. The notification specifies certain equity shares as long-term specified securities for purposes of section 54EA, permitting exemption for reinvestment only where the investment is made out of net consideration from transfer of a long-term capital asset and is subject to a prescribed holding-period; disposal or conversion of the allotted specified securities within that holding period results in the initial investment being chargeable to tax as capital gains under the section.