Tunasan Shipping Authorization Revoked
Summary
The Financial Services Commission, Mauritius revoked the authorization of Tunasan Shipping Incorporated (Authorisation No. AU24201181) pursuant to section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution of its business and discharge of liabilities in accordance with the Insolvency Act.
What changed
The FSC Mauritius has revoked the authorization of Tunasan Shipping Incorporated under section 74(5) of the Financial Services Act, read in conjunction with section 71A(6), which applies FSA provisions to Authorised Companies. Reference number is ENF/30I25/23.
Tunasan Shipping Incorporated must initiate orderly dissolution proceedings and discharge all liabilities per section 74(7)(b) of the FSA, in compliance with the Insolvency Act. The company should immediately cease global business operations and wind up affairs in an orderly manner to avoid further regulatory action.
What to do next
- Cease all operations under Authorisation No. AU24201181 immediately
- Initiate orderly dissolution proceedings per section 74(7)(b) of the FSA
- Discharge all liabilities in accordance with the Insolvency Act
- Coordinate with liquidator or insolvency practitioner for wind-down
Penalties
Continued operation without authorization may result in additional enforcement action
Source document (simplified)
REVOCATION NOTICE
Revocation of Authorisation– Tunasan Shipping Incorporated Ref: ENF/30I25/23 The Financial Services Commission, Mauritius (the “FSC”) hereby informs the public that the authorisation of Tunasan Shipping Incorporated, bearing Authorisation No. AU24201181, has been revoked pursuant to section 74(5) of the Financial Services Act 1
(“FSA”).
In accordance with section 74(7)(b) of the FSA, Tunasan Shipping Incorporated has been directed to initiate the necessary actions for the orderly dissolution of its business and the discharge of its liabilities in accordance with the Insolvency Act. 30 September 2025
1 Section 74(5) is to be read in conjunction with Section 71A (6) of the FSA, which provides that “Sections 44(6), 73A, 74 and 75 shall apply to an Authorised Company in the same way as they apply to the holder of a Global Business Licence, as if a reference to a holder of a Global Business Licence is a reference to an Authorised Company and a reference to Global Business Licence is a reference to an authorisation issued under section 71A.” Financial Services Commission FSC House, 54 Cybercity Ebene, 72201 Mauritius www.fscmauritius.org T: (+230) 403-7000 F: (+230) 467-7172 E: mail@fscmauritius.org
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