Section 6: Security

6. Security (1) The guarantee required under section 4 (7) shall be furnished to, and maintained with, the Accountant-General, shall be in the sum of 3 million rupees or such other sum as may be prescribed and shall be furnished— (a) by deposit in cash; (b) by a guarantee issued by a bank or insurance company registered in Mauritius; or (c) in such other form as may be approved by the Minister. (2) The guarantee shall be applied towards the payment of any amount, by way of compensation, damages or otherwise, to which a customer is entitled in virtue of a judgment of a Court, an award or a binding agreement. (3) Where a licensee ceases to provide private security services, he may apply to the Commissioner for the discharge of the guarantee. (4) On receipt of an application under subsection (3), the Commissioner shall, at the expense of the applicant, by notice published in the Gazette and 2 daily newspapers, require any person who may have any claim against the licensee to notify the Accountant-General of the nature and amount of his claim within 3 months of the last publication. (5) The guarantee shall be discharged— (a) where no claim has been received within the time limit specified in subsection (4); (b) after disposal of any claim made under subsection (2) or (4).