Diamonds Act, 1986 (Act No. 56 of 1986)Chapter V : The Diamond Trade54. Registration of authorized representatives |
| 1) | The Regulator shall not grant any application referred to in section 53 if it is of the opinion – |
| a) | that the natural person concerned does not comply with the prescribed requirements; or |
| b) | that a sufficient number of authorised representatives have already been registered in respect of the juristic person. |
| 2) | If the Regulator grants an application referred to in section 53, the chief executive officer of the Regulator shall register the natural person concerned as an authorised representative of the juristic person and issue to the juristic person a certificate of registration as an authorised representative of the juristic person on the prescribed form. |