Long-term specified securities: equity issuance under section 54EA with reinvestment requirement and holding-period consequences on premature sale. Central Board of Direct Taxes specifies equity shares of M/s Konaseema EPS Oakwell Power Ltd. as long-term specified securities, subject to issuance within one year and a prescribed aggregate limit, and conditional on investment from net consideration of a long-term capital asset transfer. If the specified shares are transferred or converted into money within three years of allotment, the initial investment shall be chargeable to tax under the head Capital Gains in accordance with the statutory provision.