TERMS AND CONDITIONS
Dematerialization conditions
1. Introduction
1.1 The contracting party is the LEI Register India Private Limited under the trademark “LEI Register India” (hereinafter “LEI Register”). LEI Register operates as an LEI Registration Agent for its clients and cooperates with the GLEIF (Global Legal Entity Identifier Foundation) accredited LOUs to order, renew, transfer, and update LEIs (hereinafter ‘the Services’) for their clients per the Service/s taken by the client/s. LEI Register (LEI code 9845003A5176DAA0E442) partners with the Local Operating Unit (LOU), Ubisecure Oy (RapidLEI) (LEI code 529900T8BM49AURSDO55). LEI Register also has marketing engagement and partnerships with other organizations that offer different types of products and services to LEI Register clients. Additionally, LEI Register provides services for the dematerialization of shares and securities, collaborating with local Registrar and Transfer Agents (RTAs) and Depositories to assist in the dematerialization process.
1.2 LEI Register India Private Limited
- Toll-free number: 1800-120-3505
- LEI code: 9845003A5176DAA0E442
- Email: [email protected]
- CIN: U74999PN2019FTC184211
- Registered address: 15A, 4TH FLOOR, CITY VISTA, TOWER A, FOUNTAIN ROAD, KHARADI PUNE MH 411014 IN
- Office location: SIXTH FLOOR, CCSG0615, BLOCK G, CITY CENTER SILIGURI, CITY CENTER SILIGURI, Matigara, Siliguri, Darjeeling, West Bengal, 734010
1.3 These Terms and Conditions (hereinafter “Terms”) are for the purpose of governing the use of the LEI Register website (hereinafter “the Website/ the LEI Register Website”). By visiting the Website, you are bound by the terms herein below. You are also bound by the Privacy Policy and Cookies Policy. If you do not accept to follow the Terms and Policies of the Website, you are not authorized to visit the Website and must not use the Website and/or any Services therein.
2. Definitions
2.1 “LEI Register India Trademark and Logo” shall mean the trademark and logo of LEI Register India as shown and used on https://www.legalentityidentifier.in/
2.2 “LEIs” shall mean one or many Legal Entity Identifiers provided by the LEI Register group company and the LOUs.
2.3 “LOU” or “LOUs” shall mean the Local Operating Units that have entered into a Master Agreement with LEI Register and who are accredited by GLEIF to accept applications by legal entities for LEI and to issue LEIs.
2.4 “We,” “us,” “our,” or equivalent terms shall refer to LEI Register.
2.5 “User,” “You,” “your,” or equivalent terms refer to any user of the Website.
3. Changes in terms and policies
3.1 LEI Register reserves the right to change the Terms and Policies from time to time as it deems fit and without any prior notice.
3.2 LEI Register reserves the right to change the Website and/or any of its aspects.
4. Intellectual property rights
4.1 LEI Register reserves all Intellectual Property Rights pertaining to LEI Register. You are prohibited from using the LEI Register India trademark except as contained and unaltered in the Website.
4.2 Website and other information or data downloaded, by way of simple download or by employing website services, from the LEI Register’s website are provided strictly “as is.” Although reasonable efforts are undertaken to provide reliable and up-to-date Websites and other information and data, the LEI Register waives any liability, responsibility, warranty, or guarantee to the greatest extent legally possible.
4.3 While reasonable efforts are undertaken to protect the LEI Register’s website from manipulation, hacking, and malware and to ensure continuous availability and accessibility of the website and its Services, the LEI Register waives any liability, responsibility, warranty, or guarantee to the greatest extent legally possible.
4.4 You may insert a link to the LEI Register’s Website on your own website, provided your website is fully compliant with all applicable legislation. LEI Register reserves the right to block such linked access in the event of irregularities.
4.5 Links to third-party websites are provided for convenience only. You must not assume that LEI Register agrees with, adopts, or acknowledges any of such third party’s website contents. Further, the LEI Register has not checked the accuracy, reliability, or content of any content provided on third-party websites. Should you feel that a third-party website to which the LEI Register Website provides links contains wrong, improper, or illegal content, kindly inform the LEI Register via email at [email protected]. After which, LEI Register shall investigate and, in the event, react as it deems fit. Any other liability, responsibility, warranty, or guarantee is waived to the greatest extent legally possible.
5. System interruptions and errors
5.1 LEI Register does not guarantee that the Website and the Services will function and be available without interruptions or errors. In particular, their operation may be interrupted due to maintenance, updates, or system or network failures. Unplanned interruptions will be dealt with on a best-effort basis. Service windows will be announced when possible.
6. Website policies
6.1 To access Website Policies, kindly visit:
7. Disclaimer of warranties and waiver of liability
7.1 The Services made available to you through the Website are provided on an “as is” and “as available” basis. We make no representations or warranties of any kind, express or implied, thereto. You expressly agree that any use thereof is at your sole risk.
7.2 To the fullest extent permitted by applicable law, we disclaim all warranties, express or implied, and liability regarding Website and Services, including, but not limited to, implied warranties of merchantability and fitness for a particular purpose. We will not be liable for any damages of any kind (including, but not limited to, direct, indirect, incidental, punitive, and consequential damages) arising from the use of the Services and Website.
7.3 In particular, without limitation, we disclaim all liability for damages caused by any interruptions or errors in the functioning of the Website. Furthermore, we disclaim all liability for any malfunctioning, impossibility of access, or poor use conditions of the services or the Website due to inappropriate equipment, disturbances related to internet service providers, to the saturation of the internet network, and for any other reason whatsoever. Furthermore, we do not warrant that the services, information and contents included on or otherwise made available to you through the Services or the Website of viruses or other harmful components.
8. Dematerialization process
8.1 To initiate the dematerialization of shares and securities, applicants must complete the relevant application form, submit their data, and pay for the service (INR 4990) via Netbanking, Bank transfer, Credit Card, or Razorpay.
8.2 By submitting the form, applicants agree to the terms and conditions of the service provider. They confirm that the submitted data is accurate and that they have the authority to apply for dematerialization on behalf of the legal entity (customer). Applicants acknowledge that their contact details may be shared with relevant authorities.
8.3 Applicants authorize the service provider to sign the necessary agreements on their behalf with relevant entities. The terms of service among these entities are standardized to comply with regulatory guidelines.
8.4 Applicants grant the service provider the right to manage the dematerialization process on their behalf. This includes applying for dematerialization and uploading required data and documents to the NSDL portal.
8.5 The service provider will start the dematerialization process shortly after receiving the payment confirmation and Letter of Authorization.
8.6 Applicants must provide a Letter of Authorization (Power of Attorney) or other proof of authority to apply for dematerialization on behalf of the legal entity.
8.6.1 Only designated signatories can sign the Letter of Authorization. Impersonation of an authorized signatory is prohibited and constitutes identity fraud.
8.7 Additional information about the legal entity will be requested and must be provided to complete the dematerialization process.
8.8 Additional documents will be requested and must be provided to complete the process of dematerialization.
8.9 Applicants agree to receive calls and SMS messages on the provided number, potentially originating from a third-party platform.
8.10 The dematerialization process will be completed as soon as possible.
8.11 The process is considered final once all details are provided and submitted. If faulty information is provided, the process cannot be stopped, and dematerialization will proceed. For change requests, please contact us at [email protected], and we will make adjustments if possible.
8.12 Failure to provide requested information will result in incomplete applications. The customer is responsible for this failure, and LEI Register is not responsible for any delays or issues arising from incomplete or inaccurate information.
9. Refund policy
9.1. To apply for a refund, contact [email protected]. Refund and cancellation requests can also be sent to G-0615, Block G, City Center Siliguri, City Center Siliguri, Matigara, Siliguri.
9.2. Refunds will be issued within 7 days. Please note that refund times vary by bank and can take up to 30 days to arrive.
9.3. LEI Register has the right to charge a refund fee.
9.4. LEI Register can deny any refunds if the dematerialization process has begun (a signed Letter of Authorization has been received).
9.5. The dematerialization service can not be provided as a result of the customer failing to provide the required information within a week of starting the process. The information required can include, but is not limited to:
- a Letter of Authorization
- proof of authorization
- Net worth certificates
- Memorandum & Articles of Association
- Audited annual report
- PAS-3 Form
- SH-7 Form
- Tripartite Agreement
- any other documents/ information related to the legal entity.
10. Governing law
10.1 This agreement and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation shall be governed by and construed under the laws of India as applicable at the time of such dispute or claim.
10.2 You agree that LEI Register may take any appropriate steps, including but not limited to court action and preliminary injunctions, if you do not comply with these Terms and Policies and that you are liable to pay liquidated damages in the amount awarded by the appropriate court for any single case of non-compliance
Final conditions
The customer is fully responsible for any activities related to the dematerialization of shares and securities for the legal entity they represent. The service provider is not liable for any potential damages related to these activities.
The service provider acts on behalf of the customer to facilitate the dematerialization process. This includes cooperating with relevant authorities and entities to provide the necessary information for the customer’s dematerialization needs.
The service provider reserves the right to change its Terms and Conditions at any time. The most current version of the Terms and Conditions is always available on the service provider’s website: Service Provider’s Website.