Diamonds Act, 1986 (Act No. 56 of 1986)Chapter V : The Diamond Trade46. 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. |