The Mauritius Financial Services Commission has revoked the authorisation of Bagsak Shipping Incorporated under section 74(5) of the Financial Services Act. Following the revocation, the company has been directed under section 74(7)(b) of the Financial Services Act to take the necessary steps for the orderly dissolution of its business and the discharge of its liabilities in accordance with the Insolvency Act 2009. The revocation relates to Authorisation No. AU24201177 and was issued under reference ENF/02I25/1.
Mauritius Financial Services Commission 2025-09-02
Mauritius Financial Services Commission revokes Bagsak Shipping Incorporated’s authorisation and directs orderly dissolution
The Mauritius Financial Services Commission has revoked the authorisation of Bagsak Shipping Incorporated under section 74(5) of the Financial Services Act. The company is directed to proceed with an orderly dissolution and discharge its liabilities per the Insolvency Act 2009. The revocation pertains to Authorisation No. AU24201177, reference ENF/02I25/1.