At the outset, we introduce ourselves as the only association of commodity brokers of India, acknowledged and recognized as ‘The Voice of Commodity Futures Market and its Participants’ BY Forward Markets Commission and all the National Exchanges.
The association was formed and registered as “COMMODITY PARTICIPANTS ASSOCIATION OF INDIA” i.e. CPAI, on 20th February 2006 with registered office at following address:
613, New Delhi House,
Commodity Participants Association of India (CPAI) since its inception has always been working for development of commodity market. CPAI has a mission of creating most vibrant, transparent and efficient commodity market through assistance to Government, Regulators, Education to Investors and Professional guidance to its members for their development with adherence to ethics and regulations of the market.
Friends! The current fast changing scenario necessitates that we all should get united and jointly take up the relevant issues pertaining to commodity business with the Government and FMC - the regulator of Commodity Futures Market. We, therefore, seek support of all members of Commodity Broking Fraternity to strengthen CPAI which is striving hard for the development and growth of Commodity Broking Fraternity.
The members of CPAI, can also avail the benefits of statutory INSURANCE COVER up to Rs. FIVE LAKHS for MCX and NCDEX in just Rs. 1000/- + Service Tax = Rs.1124/- for one year. We are making every effort to include other exchanges also as early as possible.
Members requiring insurance cover for more number of exchanges may also opt for insurance with ORIENTAL INSURANCE COMPANY in Rs. 2000/- for the first exchange and Rs. 200/- for each additional exchange + Service Tax.
We are attaching a membership as well as insurance forms for you to fill and send to us on above mentioned address along with the demand draft of Rs.5000/- as annual subscription fee and the applicable insurance fee, if required.
We strongly believe that all the challenges and issues faced by Commodity Brokers, related to the business, can be tackled effectively by joint efforts instead of fighting out singly.
The old saying “United we stand, Divided we fall” holds good even today. Therefore, please join us and strengthen CPAI that is totally committed to the Commodity Business Fraternity.