The chelate complexes of the types (1) and (2) have been synthesized and characterized by IR and NMR spectroscopy. The lower shift of the ν(P–Se) bands and downfield shift of the 31 P–{ 1 H}NMR signals for both P(III) and P(V) atoms in 1 and 2 compared to the corresponding free ligands indicate chelate formation through selenium donor. 1 and 2 show terminal ν(CO) bands at 1977 and 1981cm −1 , respectively, suggesting high electron density at the metal center. The molecular structure of 2 has been determined by single-crystal X-ray diffraction. The rhodium atom is at the center of a square planar geometry having the phosphorus and selenium atoms of the chelating ligand at cis-position, one carbonyl group trans- to selenium and one chlorine atom trans- to phosphorus atom. 1 and 2 undergo oxidative addition (OA) reaction with CH 3 I to produce acyl complexes (3) and (4), respectively. The kinetics of the OA reactions reveal that 1 undergoes faster reaction by about 4.5 times than 2. The catalytic activity of 1 and 2 in carbonylation of methanol was higher than that of the well known species [Rh(CO) 2 I 2 ] − and 2 shows higher catalytic activity compared to 1.