Diamonds Act, 1986 (Act No. 56 of 1986)Chapter IV : Licences and Permits28. Consideration of applications for licences |
| 1) | Before the Regulator decides on any application for a licence, it may conduct such investigation regarding the application as it may deem fit. |
| 2) | Subject to the provisions of this Chapter, the Regulator may at its discretion grant or refuse an application for a licence, but the Regulator shall not grant any application if it is of the opinion- |
| a) | that the applicant or, where the applicant is a company, any director thereof or, where the applicant is a close corporation, any member thereof is not a suitable person to carry on the activities authorised by the licence, or to be involved in such activities; |
| b) | that an interest which any person has in the applicant is undesirable; |
| c) | that the applicant will probably not be able to exercise in a satisfactory manner control over the activities authorised by the licence; |
| d) | that there are already a sufficient number of persons holding the licence in question; or |
| e) | that the issue of the licence will be contrary to the public interest. |
| 3) | If the Regulator refuses an application for a licence, the chief executive officer of the Regulator shall notify the applicant in writing of the decision of the Regulator. |