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Precious Metals Act, 2005 (Act No. 37 of 2005)

Precious Metals Regulations

20. Terms and conditions of special permit

 

 

Subject to such terms and conditions as may be stipulated on a special permit, the holder of a special permit contemplated in section 4(1)(e) or 5(1)(e) of the Act must —

(a) conduct a scientific, beneficiation or jewellery manufacturing operation;
(b) keep proper books of accounts in accordance with generally accepted accounting practice and submit a copy of its audited financial statements to the Regulator annually by not later than 90 days after the end of his or her business' financial year; and
(c) keep a true and correct register of all unwrought precious metals and semi-fabricated precious metals deposited for safekeeping, received, dispatched or otherwise disposed of by the holder of a special permit.

[Paragraph (c) amended by regulation 6 of Notice No. R. 387 dated 4 April 2008]