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Diamonds Act, 1986 (Act No. 56 of 1986)

Chapter V : The Diamond Trade

46. Consideration of applications for registration of diamond trading houses

 

1) Before the Regulator decides on any application referred to in section 45, it may conduct such investigation regarding the application as it may deem fit.

 

2) The Regulator may at its discretion grant or refuse an application referred to in section 45, but the Regulator shall not grant any application if -
a) the applicant is not the holder of a diamond trading house licence;
b) any person has an interest in the applicant that is undesirable;
c) the premises do not comply with the prescribed requirements; or
d) [Deleted by Act No. 30 of 2005 by the Diamonds Second Amendment Act];
e) the registration of the premises as a diamond trading house will be contrary to the public interest.