41.
| (1) A person charged with capital levy may, in lieu of the payment of the whole or any part of the capital levy in cash, transfer to the Secretary to the Treasury such shares held by that person in any company as may be approved by the Secretary to the Treasury in consultation with the Chairman of the Panel. |
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| (2) The transfer under this section by any person of any shares in a company shall be deemed to be equivalent to the payment in cash by that person of an amount equal to the value placed on such shares in the assessment of capital levy made in respect of him and where the value of such shares exceeds the amount of the capital levy payable by him, the excess shall be refunded to him. |
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Sri Lanka Consolidated Acts