Legal Entity Identifier Code
- Art Teacher
- London, UK
- 5-7 Hrs
The Legal Entity Identifier (LEI) Code is a 20-character alphanumeric code that uniquely identifies companies and organizations engaged in financial transactions worldwide. It has become a mandatory compliance requirement under RBI and SEBI regulations for entities such as LLPs, private limited companies, banks, NBFCs, and mutual funds involved in cross-border transactions or trading in securities. Obtaining an LEI Code ensures regulatory compliance, enhances global credibility, and enables transparent identification in international financial systems. The process is simple and can now be completed online in just a few steps, making it easier for businesses to stay compliant while building trust in global markets.
- PAN Card of the entity
- Certificate of Incorporation / Business Registration
- Proof of Authorized Signatory (Board Resolution or Authorization Letter)
- Identity proof of Authorized Signatory
- Audited Financial Statements or proof of legal entity existence
- GSTIN (if applicable)
- Entity’s registered address proof
- Visit an LEI issuing organization (LOU) recognized by GLEIF (like Legal Entity Identifier India Ltd – LEIL).
- Select “Apply for LEI” and fill out the online application form with your entity’s details.
- Upload the required documents in the specified format.
- Pay the applicable fee.
- After successful verification, LEI code will be issued and made searchable on the GLEIF database.
Any legal entity (company, LLP, trust, bank, or mutual fund) participating in financial transactions in regulated markets, including OTC derivatives, debt securities, or cross-border payments of ₹50 crore or more, must register for an LEI as per RBI and SEBI guidelines.
Failure to obtain or renew LEI can lead to denial of credit, barred participation in certain financial/derivative markets, and operational disruptions.
LEI code validity is one year from issuance and requires annual renewal.
Level 1 identifies the entity’s legal name, address, and registration info whereas, Level 2 identifies parent and ultimate parent entities, promoting transparency in group structures.
LEIs can be transferred between Local Operating Units (LOUs) as long as they are GLEIF-accredited.