Apply For LEI Registration Services

What is a Legal Entity Identifier (LEI) And Why Is It required in India?

A 20-character alphanumeric code, known as a Legal Entity Identifier (LEI), is used to uniquely identify a legal entity participating in financial transactions. It is sometimes referred to as a legal entity registration number or legal entity identifier code.

In order to ensure transparency, reduce financial risks, and track transactions in the financial market, LEI must be obtained in India. The RBI and SEBI have made it mandatory for some transactions to register for LEI.

Benefits Of LEI Registration Services

• Transparency of Global Financial Activities: LEI offers transparency and reliability in international and interbank transactions because your entity will be known around the world.
• Regulatory Authority of RBI and SEBI: LEI is the Regulatory Body in India for the participation and reporting in derivative and financial markets.
• Efficient Financial Transactions: Facilitates fast identification of the legal entities, eliminates chances of fraud, and optimizes operations in financial systems.
• Global Identification Number for All Sectors: This will give you an identification number that is internationally recognized.
• Fewer Reporting Requirements: Helps to fulfill financial reporting obligations if your company makes investments in other countries through financial securities.

Who Is Required To Obtain An LEI Code Under RBI And SEBI Regulations?

Applicability Of LEI Registration

The following organisations need to apply a legal entity identifier or LEI:

• Businesses engaged in high-value transactions
• Banks and NBFCs
• Investment companies, mutual funds.
• Businesses in OTC, derivatives and forex markets
• Organisations having a legal entity certificate or legal registration

If your organisation falls under any of these categories, then LEI registration is mandatory in India.

Documents Required For LEI Registration In India

LEI Registration Documents

The documents required for LEI registration generally include:

• KYC Documents of the authorised signatory (Email id, Mobile No., PAN, Aadhaar, Voter id, Bank Statement,t etc.)
• Certificate of Incorporation / Partnership Deed / Trust Deed
• PAN Card of the entity
• GST Registration (if available)
• Proof of business address
• Board Resolution / Authorisation Letter
• Audited Financial Statements or ROC filings

These are also referred to as LEI registration documents or documents required for LEI registration in India.

Documents Required for LEI Renewal

LEI Renewal Documents

For renewal of LEI, you may need:

• Existing LEI number
• Updated financial or company details
• Authorization letter
• Confirmation of legal entity information

These are commonly known as documents required for LEI renewal.

Steps For Applying LEI Registration Services

• Eligibility Assessment: Confirm entity eligibility and applicable RBI/SEBI regulations.
• Document Preparation: Compile KYC documents and authorisation letters on the company letterhead.
• Application for LEI Code: Apply using a Local Operating Unit (LOU), which must be certified, e.g., Legal Entity Identifier India Limited (LEIL).
• Authority’s Verification: It verifies the details provided by the applicant.
• Assignment of LEI Code: A unique 20-digit code is assigned after successful verification, and it remains valid for 1 year.