Frequently Traded Shares - Definition / Legal Terminology - Income Tax

Explanation.(a) - For the purposes of notification no. 60/2018, - Frequently Traded Shares means- shares of a company, in which the traded turnover on a recognised stock exchange during the twelve calendar months preceding the calendar month in which the acquisition and transfer is made, is at least ten per cent. of the total number of shares of such class of the company: Provided that where the share capital of a particular class of shares of the company is not identical throughout such period, the weighted average number of total shares of such class of the company shall represent the total number of shares;