Nepal Rastra Bank to Cancel Seva Remit Pvt. Ltd.'s License, Requests Transaction Details within 35 Days
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NEPSE trading
Nepal Rastra Bank has decided to cancel the license of Seva Remit Pvt. Ltd. In a notice published on Friday, the central bank announced that the company's license would be revoked in accordance with Sub-Regulation 10, Clause 'Ng' of Regulation 13 under the Nepal Rastra Bank Remittance Bylaws, 2079.
License Cancellation: Seva Remit Pvt. Ltd.'s license will be canceled as per the regulations of Nepal Rastra Bank.
Transaction Report Submission Deadline: Nepal Rastra Bank has requested Seva Remit to submit any outstanding transaction details in writing within 35 days.
Bank Guarantee Release: If written information is not provided within the stipulated time, Seva Remit's bank guarantee will be released, and any remaining amounts will be settled through the bank guarantee.
With this notice, the central bank has urged the company to submit all pending transaction details promptly.
