Long-term specified securities: designation permits reinvestment of capital gains in specified equity with a three-year lock-in. Notification designates equity shares of M/s Kirloskar Power Supply Company Ltd. as long-term specified securities, permitting their issue within one year subject to a prescribed aggregate cap. Investment must be made from net consideration of a long-term capital asset transfer; if the assessee transfers or converts the allotted specified equity into money within three years of allotment, the initial investment becomes chargeable to tax under Capital Gains in accordance with the statutory provision.