LEI INDIA - APPLY BEFORE 6 PM AND RECEIVE YOUR LEGAL ENTITY IDENTIFIER (LEI) TODAY.

RECEIVE YOUR LEGAL ENTITY IDENTIFIER IN HOURS, NOT IN DAYS! THE FASTEST LEI AGENT IN INDIA.

WE SUPPORT ALL COMPANY TYPES IN INDIA: 

PRIVATE/PUBLIC LTD/LLC/LLP, PARTNERSHIP, PROPRIETOR, PRIVATE LIMITED COMPANY - PLC,
HINDU UNDIVIDED FAMILY, STATUTORY BODY, UNLIMITED COMPANY,   BRANCH/LIAISON/PROJECT/REPRESENTATIVE OFFICE, FOREIGN LLP.

How to obtain a Legal Entity Identifier number?

Legal Entity Identifier (LEI) registration
548 applications received in the last 7 days   /   121 in the last 24h
For example GST Certificate, IEC details, Udyog Aadhaar Memorandum

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LEGAL ENTITY IDENTIFIER REGISTRATION PRICES

Legal Entity Identifier registration - Apply for a LEGAL ENTITY IDENTIFIER for 1 year
Legal Entity Identifier registration - Apply for a LEGAL ENTITY IDENTIFIER for 3 years
Legal Entity Identifier registration - Apply for a LEGAL ENTITY IDENTIFIER for 5 years

Renewal cost of the Legal Entity Identifier for one year ₹ 4400 (₹ 3300/year for 5 years)

GST if applicable
** The invoice will be sent after the assignment of the Legal Entity Identifier


Who needs a Legal Entity Identifier?

 

Legal entity identifier (LEI) is mandatory for transactions in interest rate, forex and credit derivative market. The Reserve Bank of India (RBI) has also made LEI compulsory for companies and organisations having aggregate fund-based and non-fund based exposure of credit over RS 5 crore.

 

Schedule for implementation of LEI for large corporate borrowers (according to Reserve Bank of India)

Total Exposure to SCBs To be completed by
₹ 1000 crore and above Mar 31, 2018
Between ₹ 500 crore and ₹ 1000 crore Jun 30, 2018
Between ₹ 100 crore and ₹ 500 crore Mar 31, 2019
Between ₹ 50 crore and ₹ 100 crore Dec 31, 2019

Schedule for Implementation of LEI in the Money market, G-sec market and Forex market

Phase Net Worth of Entities Proposed deadline
Phase I above Rs.10000 million April 30, 2019
Phase II between Rs.2000 million and Rs 10000 million August 31, 2019
Phase III up to Rs.2000 million March 31, 2020

 

Legal entity identifier will help banks and credit providers in monitoring the exposure of corporate borrowers. It will prevent banks from issuing multiple loans against the same collateral. Companies can order LEI from any Local Operating Unit or use the help of service providers such as Registration Agents. LEI REGISTER™  is an official LEI Registration Agent. Our main task is to help companies in India to apply for an LEI  in a prompt and easy way.

Application for a Legal Entity Identifier

 

The application for a legal entity identifier is a simple three-step process.

1. Fill in all the blanks in the Legal Entity Identifier registration form above.
2. Submit your LEI registration application and pay with credit card, PayPal or bank link.
3. Your data will be processed and the legal entity identifier sent to you by e-mail.

Your Legal Entity Identifier application will be sent for data validation as soon as you have submitted the payment. In 90% of the cases, you will receive your legal entity identifier within 3-4 hours*.

*during weekdays


Legal Entity Identifier in simple terms

  • LEI - Legal Entity Identifier - a unique number / code to identify a legal entity. It can also be used as an international company registration number.
  • A unique identification code (LEI) for companies which trade with securities.
  • Every deal conducted in the markets will connect to the other counterpart with an LEI code.
  • Regulators (such as Central Banks) use it to oversee financial markets. LEI connects financial markets, companies and regulators.
  • Legal Entity Identifier is endorsed by the G20 countries.
  • The Legal Entity data related to the LEI is free of charge and accessible from the GLEIF database.
  • The issuing of an Legal Entity Identifier is conducted under GLEIF-accredited LOUs.
  • GLEIF - Global Legal Entity Identifier Foundation. Endorsed by the G20 countries and created by the Financial Stability Board. Governed by the  LEI Regulatory Oversight Committee (LEI ROC)
  • Remember, NO LEI, NO TRADE.

Legal Entity Identifier - what do the numbers and letters represent ?

Legal Entity Identifier is standardised with ISO standard 17442. It consists of a combination of 20 numbers and letters.

  • First four numbers always show the identity of the LOU which has initially issued the LEI.
  • Numbers 5 and 6 have always a value of zero.
  • Numbers/Letters seven to eighteen are unique identifiers to each entity.
  • Final 2 digits are checksum. They are for verification purposes.

Legal Entity Identifier number structure


LEI number connects the dots.

The vision of the Global Legal Entity Identifier Foundation is to have one universal registration number for all entities around the world. This is an identifier for the entities that would provide standardised and  high-quality and free reference data for the consumer.

"We believe that ultimately there should be one identity behind every business. Having an LEI will help to achieve this objective."

GLEIF


The future of LEI and why should I apply now!

There are a number of possible use cases where Legal Entity Identifier number can become useful.

Legal Entity Identifier has already been adapted as the identificator for large corporate borrowers in India. More information about the use of Legal Entity Identifier in India. It is very likely that other countries across the globe will follow. It will help to understand the total financial health of the larger corporate borrowers. In fact European Central Bank is already using the LEI code as one identificator with Ana Credit reporting.

Global Legal Entity identification number or a global business registration number. As the database is up to date and free of charge for the end user this will give better understanding with whom we do business with. It will also ease the onboarding process for the banks and financial service provider.

Quick and efficient identification of online businesses and e-commerce providers. As the e-commerce grows it will give us a quick overview with whom we are going to order merchandise. One click on the Legal Entity Identifier number will give you the full company data.

Many new use cases are being developed rapidly: such as site seals, Legal Entity Identifier in SSL certificates etc.


Who can issue the Legal Entity Identifier?

The Issuance of Legal Entity Identifiers is governed by the GLEIF. The GLEIF is the foundation which controls the issuance of LEI codes, but the GLEIF does not itself issue them. They are instead issued through a network of government owned and private companies acting as Local Operating Units. Their main purpose is to supply registration, the renewal of Legal Entity Identifier, and act as a gateway for organisations that wish to obtain an Legal Entity Identifier. Full list of Local Operating Units can be found from the GLEIF webpage.

LEI Register acts in cooperation with several LOUs. LEI Register is as an official Registration Agent. Our task is to help organisations and public entities obtain reliable information about the Legal Entity Identifier and manage communication between LOUs and entities wishing to apply for an LEI code. We validate data provided from publicly available databases such as national Business Register, etc. The full list of business and other registers can be found from the GLEIF Registration Authorities list. Find out more information about Registration Agents.


LEGAL ENTITY IDENTIFIER FAQs

What is the LEI?

The Legal Entity Identifier is a global 20-character alphanumeric code for identifying legal entities. Each LEI is unique: it is assigned to each legal entity once and may not be assigned to any other entity. The LEI is an exclusive identifier, as each legal person is only issued a single LEI. The Legal Entity Identifier does not replace the national registry code of a company.

Why is the LEI necessary?

The LEI connects a legal entity to its key reference information (name, location, etc.). The LEI enables identifying legal entities participating in global financial markets for various supervisory purposes.

For example, LEIs are already being used under the European Market Infrastructure Regulation (EMIR) for identifying counterparties to over-the-counter derivatives’ transactions. On 1 November 2017, with the application of the Implementing Regulation (EU) No. 2017/105, using an LEI was made mandatory for reporting all derivatives’ transactions.

Since 1 January 2017, all issuers have been required to have an Legal Entity Identifier for improving access to regulatory information.

What does the LEI have to do with securities’ transactions?

Since 3 January 2018, LEIs have been used in reporting the securities’ transactions of investment service providers to supervisory authorities for identifying customers that are legal entities. These transaction reports are used for identifying and investigating market abuse as well as for monitoring transactions and the activities of investment service providers on securities’ markets. The format of the report is established by an implementing regulation of the European Commission.

Who is required to have an LEI?

Since 3 January 2018, legal entities are required to have a Legal Entity Identifier if they carry out transactions either in a trading venue (regulated market, multilateral trading facility, etc.) or outside a trading venue in connection with securities which are admitted to trading or traded on a trading venue or for which a request for admission to trading has been made, as well as securities where the underlying is a security traded on a trading venue or an index or basket composed of securities traded on a trading venue.

Do investment service providers, such as banks, have the right to request an LEI?

Investment service providers must request customers that are legal entities to provide all information which is necessary for submitting information about transactions to supervisory authorities. Such information includes Legal Entity Identifier.

What happens if a customer does not provide an LEI?

If a customer who is a legal entity does not provide the investment service provider with the necessary information, including an LEI, for reporting a security transaction, the service provider will not be able to fulfil their legal reporting obligation. Consequently, the investment service provider may refuse to provide the service.

Who issues LEIs?

Legal Entity Identifier applications may be submitted to authorised LEI operators. LEIs are issued by LOUs (Local Operating Units). Assistance in applying for an LEI code may be received from official and non-official registration agents.

I have been issued an LEI, but the bank says it is in inactive or invalid.

Banks and investment service providers verify the validity of LEIs from the GLEIF database. As GLEIF performs database updates once per day, the LEI issued to you will be listed in the database on the following day from 14.00 CEST. For example, if your LEI was issued today, it will be listed in the global database tomorrow from 14.00 (CEST).

Where can I check the validity of my LEI?

The validity and information related to an Legal Entity Identifier can be checked from the website of the umbrella association at www.gleif.org. You can also check the validity of your Legal Entity Identifier by using our search box.

What is GLEIF?

GLEIF is an international organisation which is responsible for the functioning of the Legal Entity Identifier system and for monitoring LEI issuers. The headquarters of GLEIF are located in Basel, Switzerland. The website of GLEIF can be found at www.gleif.org

What is an LOU?

An LOU or Local Operating Unit is an organisation that has been authorised by GLEIF to issue LEI codes. LOUs work closely with registration agents, who help organisations apply for LEI codes. A list of LOUs can be found here.

Who is a registration agent?

A registration agent is a company or organisation that provides assistance in applying for Legal Entity Identifier codes. For a detailed overview of registration agents, see here.

LEI Register is an official registration agent, in recognition of which it has been authorised by GLEIF to use its identifiers.

Does each country have a distinct prefix for LEIs?

LEIs are universal codes and are not tied to any specific country. Each LOU has its own identifier, which is contained in the first four numbers of the LEI. LEIs are valid worldwide regardless of the LOU that issued the code.

Why do LEIs need to be renewed?

Renewing the Legal Entity Identifier is necessary to ensure that all information about the company connected to the LEI is up to date. To ease the administrative burden on companies and organisations, LEI Register allows paying for multiple annual renewals. In this case, the LEI Register takes it upon itself to verify the information upon renewal of the LEI for the designated period. Information updates are performed on the basis of official registry data.

How long does the LEI application process take?

LEI Register normally issues your Legal Entity Identifier within 1–24 hours from the moment of payment for the application.

LEI Register issues your Legal Entity Identifier within 24 hours at the latest (if payment has been received and the company submits any necessary additional documents promptly).

Is LEI-related information public?

Yes, the Legal Entity Identifier system is built on the principle of making the information publicly available. LEI-related company data (name, registry code, address, address of the principal office, country of registration, etc.) are accessible to everyone through the GLEIF website.

Do I need to pay for an LEI?

Legal Entity Identifier codes are issued for a fee and an annual maintenance fee must be paid for the renewal of the code.

The price list of LEI Register is available here.

What happens if I do not have an LEI or if it expires?

To fulfil their reporting obligation, investment service providers need their customers that are legal entities to have a valid LEI. Before carrying out any securities’ transactions, investment service providers verify the existence of a valid LEI.

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