Description

ICCL has accepted the surrender of empanelment by Gogreen Warehouses Private Limited as a Warehouse Service Provider after no claims were received during the stipulated period.

Summary

Indian Clearing Corporation Limited (ICCL) has officially accepted the surrender of empanelment by Gogreen Warehouses Private Limited as a Warehouse Service Provider (WSP). This follows a public notice period during which no claims were received against the company. The surrender was initially announced on May 28, 2025, and public notices were issued in newspapers on June 11, 2025.

Key Points

  • Gogreen Warehouses Private Limited’s empanelment as WSP with ICCL has been terminated
  • Public notices were published in Free Press Journal (All Editions) and Navshakti (Mumbai Edition) on June 11, 2025
  • No claims were received against Gogreen Warehouses during the stipulated claim period
  • The warehouse’s registered and corporate office is located at 305-Arohi Complex, Vijay Cross Road, Nr. Rasranjan Restaurant, Navrangpura, Ahmedabad, Gujarat-380009
  • Affects commodity derivatives segment, specifically delivery settlement operations

Regulatory Changes

No regulatory changes introduced. This is an administrative action removing Gogreen Warehouses Private Limited from the list of empanelled Warehouse Service Providers for ICCL’s commodity derivatives delivery settlement process.

Compliance Requirements

  • Members and their constituents/clients must take note of the removal of Gogreen Warehouses Private Limited from the WSP list
  • Members should contact their respective Relationship Managers or Commodity Delivery Settlement team (022-22728678/8682) for clarifications

Important Dates

  • May 28, 2025: Initial circular regarding surrender of empanelment (ICCL Circular No. 20250528-7)
  • June 11, 2025: Public notice published in newspapers inviting claims
  • December 3, 2025: Official acceptance of surrender by ICCL

Impact Assessment

Minimal market impact. This is a routine administrative matter involving the voluntary exit of one warehouse service provider from ICCL’s empanelment. The absence of claims during the public notice period indicates no outstanding disputes or obligations. Members using commodity derivatives delivery settlement services should ensure they are not dependent on Gogreen Warehouses for any ongoing or future warehouse operations.

Impact Justification

Administrative notice regarding removal of one warehouse service provider from ICCL's empanelment list. Limited market impact as no claims were received and affects only commodity derivatives delivery settlement operations.