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Prakash Kakani Director, PNS EV HubOverview
Legal Entity Identifier (LEI) Registration in India.
A Legal Entity Identifier (LEI) is a unique 20-character alphanumeric code assigned to entities participating in financial transactions. Managed globally by the Global Legal Entity Identifier Foundation (GLEIF), the LEI system enhances transparency in financial markets. In India, LEI issuance is regulated by the Reserve Bank of India (RBI) and facilitated by entities like Legal Entity Identifier India Limited (LEIL), a subsidiary of the Clearing Corporation of India (CCIL). LEI registration is mandatory for entities involved in large-value financial transactions or operating in regulated financial markets.
Importance
1. Global Standardization : Enables uniform identification of entities in financial markets worldwide.
2. Regulatory Compliance : Required for transactions as mandated by RBI and SEBI.
3. Transparency in Transactions : Enhances accountability and reduces financial fraud.
4. Risk Management : Improves tracking of systemic risks in financial markets.
5. Ease of Reporting : Simplifies cross-border financial reporting and compliance.
Documents Required
For Companies
For Partnerships and LLPs
For Proprietorships
Features
Features & Benefits of Legal Entity Identifier (LEI) Registration in India.
Standardized Format
Mandatory for Large-Value
Annual Renewal
Global Recognition
LEI
Cross-Border Transactions
Regulatory Compliance
Comprehensive Tracking
Multi-Sector Applicability
Online Registration
Comparison of Fire NOC vs. Factory License
| Feature | LEI Registration | GST Registration | TAN Registration |
|---|---|---|---|
| Purpose | Unique identifier for financial transactions | Indirect tax compliance | TDS/TCS deduction compliance |
| Regulating Authority | GLEIF/RBI | GST Department | Income Tax Department |
| Applicability | Financial market participants | Businesses with turnover > ₹20 lakhs | Entities deducting/collecting tax |
| Renewal Requirement | Annual | No | No |
| Processing Time | 5-7 Days | 2-7 Days | 7-15 Days |
Frequently Asked Questions
Who needs an LEI in India?
Entities involved in large-value financial transactions or regulated activities as mandated by RBI and SEBI.
Is LEI required for individuals?
No, LEI is applicable only to legal entities, not individuals.
How long is an LEI valid?
An LEI is valid for one year and must be renewed annually.
What happens if an LEI is not renewed?
The LEI becomes inactive, and the entity may face restrictions in financial transactions.
Can an LEI be used globally?
Yes, the LEI is recognized globally and listed in the GLEIF database.
Is LEI mandatory for all businesses?
No, it is required only for entities involved in specific financial transactions as per regulatory guidelines.
Related Services
GST Registration and Compliance
Trademark Registration
CA Services for Annual Compliance
Income Tax Filing
MSME Registration
Import Export Code (IEC) Registration
Employee Provident Fund (EPF) Registration
ESI Registration
Digital Signature Certificate (DSC)
Secretarial Services
ISO Certification
Business License or Shop & Establishment Act Registration