South African Institute for Drug Free Sport Act, 1997
R 385
Diamonds Act, 1986 (Act No. 56 of 1986)Chapter IV : Licences and Permits36. Conversions of companies and close corporations |
| 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). |
