Precious Metals Act, 2005 (Act No. 37 of 2005)RegulationsPrecious Metals Regulations20. Terms and conditions of special permit |
Subject to such terms and conditions as may be stipulated on a special permit, the holder of a special permit contemplated in section 4(1)(e) or 5(1)(e) of the Act must —
| (a) | conduct a scientific, beneficiation or jewellery manufacturing operation; |
| (b) | keep proper books of accounts in accordance with generally accepted accounting practice and submit a copy of its audited financial statements to the Regulator annually by not later than 90 days after the end of his or her business' financial year; and |
| (c) | keep a true and correct register of all unwrought precious metals and semi-fabricated precious metals deposited for safekeeping, received, dispatched or otherwise disposed of by the holder of a special permit. |
[Regulation 20(c) amended by regulation 6 of Notice No. R. 387 dated 4 April 2008]