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

Chapter IV : Licences and Permits

36. Conversions of companies and close corporations
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1)A licensee which –
a)is a company and is converted into another type or form of company or into a close corporation; or
b)is a close corporation and is converted into a company,

shall within 30 days after such conversion submit its licence and the amended or new certificate of incorporation or the new founding statement, or a certified copy thereof, to the chief executive officer of the Regulator of the Regulator.

 

2)The chief executive officer of the Regulator shall endorse on the licence such alterations as are necessary as a result of a conversion referred to in subsection (1).