LEI CODE (LEGAL ENTITY IDENTIFIER) REGISTRATION
LEI (Legal Entity Identifier) is a 20-character unique code used to identify legal entities participating in financial transactions such as loans, derivatives, and large banking transactions.
In India, LEI is issued by Legal Entity Identifier India Ltd (LEIL) under the supervision of the Reserve Bank of India and the global system managed by the Global Legal Entity Identifier Foundation.
Who Needs LEI Code?
LEI is generally required for:- Companies taking bank loans (especially large exposure borrowers).
- Entities involved in derivative transactions.
- NBFC and corporate borrowers as per RBI rules.
- Firms doing capital market transactions.
LEI Code Structure (Legal Entity Identifier)
An LEI (Legal Entity Identifier) is a 20-character alphanumeric code defined under the global standard ISO 17442 and maintained by the Global Legal Entity Identifier Foundation.
Format of LEI Code (20 Characters)
Example: 529900T8BM49AURSDO55
- Characters 1–4: Issuer (LOU code)
- Characters 5–18: Unique entity identification number
- Characters 19–20: Check digits for validation
Renewal of an LEI code
An LEI code needs an annual renewal. This means an LEI issued on 01/02/2023 must be renewed before 01/02/2024. If the deadline passes, your LEI will become inactive until renewed. Renewing LEI numbers is necessary to ensure that the data in the Global LEI Pool is relevant and up-to-date.
LEI Register offers the renewal of LEIs for a 1-, 3- or 5-year period. Whatever the period, you will receive a notification from us 59 days before your paid expiration date ends so you can renew your LEI in time. In case of a multiyear LEI renewal, the LEI Register will update your data based on official company registries and renew the LEI code for you. We aim to keep your LEI data up-to-date and accurate.
SERVICE INCLUDES
- Application preparation & submission
- Payment processing
- Issuance of LEI code
DOCUMENTS REQUIRED
Documents To Be Submitted
- PAN Card of the entity
- Certificate of Incorporation / Registration
- GST Certificate (if available)
- Board resolution / authorization letter (if applicable)
- Address proof (utility bill / bank statement)
PROCESS
