Description

ICCL accepts the surrender of empanelment by Gogreen Warehouses Private Limited as Warehouse Service Provider after receiving no claims during the stipulated notice period.

Summary

Indian Clearing Corporation Limited (ICCL) has accepted the surrender of empanelment by Gogreen Warehouses Private Limited as a Warehouse Service Provider (WSP). Following the intimation circular issued on May 28, 2025, ICCL published a public notice inviting claims against Gogreen Warehouses in Free Press Journal and Navshakti newspapers on June 11, 2025. No claims were received during the stipulated period, leading to acceptance of the surrender application.

Key Points

  • Gogreen Warehouses Private Limited’s empanelment as WSP has been accepted for surrender by ICCL
  • Public notice was issued on June 11, 2025 in Free Press Journal (All Editions) and Navshakti (Mumbai Edition)
  • No claims were received against Gogreen Warehouses during the stipulated time period
  • WSP registered and corporate office located at 305-Arohi Complex, Vijay Cross Road, Navrangpura, Ahmedabad, Gujarat-380009
  • Notice applies to Commodity Derivatives Segment

Regulatory Changes

Gogreen Warehouses Private Limited is no longer empanelled as a Warehouse Service Provider with ICCL effective from this notice date.

Compliance Requirements

  • All Members and their respective constituents/clients must take note of the de-empanelment
  • Members should contact their respective Relationship Managers for clarifications
  • Commodity Delivery Settlement queries can be directed to 022-22728678/8682

Important Dates

  • May 28, 2025: Initial intimation of surrender by Gogreen Warehouses (ICCL Circular No. 20250528-7)
  • June 11, 2025: Public notice published inviting claims
  • December 3, 2025: Acceptance of surrender of empanelment

Impact Assessment

This is an administrative update with minimal market impact. The de-empanelment of a single warehouse service provider affects only those members and clients who may have been using Gogreen Warehouses’ services for commodity derivatives settlement. No claims were filed during the public notice period, indicating no outstanding disputes or issues. Members using this WSP will need to transition to alternative empanelled warehouse service providers for future commodity delivery settlements.

Impact Justification

Administrative update regarding de-empanelment of a single warehouse service provider with no claims received, minimal market-wide impact