LEI India - Apply before 6 PM and receive your Legal Entity Identifier (LEI) today.
LEGAL ENTITY IDENTIFIER REGISTRATION PRICES
Renewal cost of the Legal Entity Identifier from ₹ 3180 (₹ 4350 for 1 year).
* Prices shown are without GST. 18% GST applies under the GST regulations.
** The invoice will be sent after the assignment of the Legal Entity Identifier
| TYPE OF ENTITY | DOCUMENTS TO BE UPLOADED (ANY ONE) | REGISTRATION ID | |
|---|---|---|---|
| 1 | Private Limited/LLP/Limited | Certificate of Incorporation/ GST Certificate/ IEC Certificate | CIN/ LLPIN/ GSTN/ IEC Code |
| 2 | Trust | Trust Deed and Board Resolution/ GST Certificate/ NGO Darpan Certificate | GSTN/ NGO Darpan Unique ID |
| 3 | Proprietorship | IEC Certificate/ GST Certificate/ Udyam Registration Certificate – Any 2 | IEC CODE/ GSTN/ Udyam Registration Number |
| 4 | Bank | GST Certificate/ Board resolution/ Registration Certificate | GSTN |
| 5 | Partnership | IEC Certificate/ GST Certificate/ Partnership Deed/ Udyam Registration Certificate – Any 2 | IEC CODE/ GSTN/ Udyam Registration Number |
| 6 | Fund | Board Resolution and Trust Deed | |
| Others: Any document proving the entity name, entity address and authorised signatory name will suffice | |||
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.
| Total Exposure to SCBs | To be completed by |
| Above ₹25 crore | April 30, 2023 |
| Above ₹10 crore, up to ₹25 crore | April 30, 2024 |
| ₹5 crore and above, up to ₹10 crore | April 30, 2025 |
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 | Extended from March 31 2020 to September 30 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 KART™ is an 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 Netbanking, Bank transfer, Credit card or Razorpay.
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 1-24 hours*.
*during weekdays
LEGAL ENTITY IDENTIFIER FAQs
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.
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.
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.
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.
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.
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 registration agents.
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
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.
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 Kart is an LEI registration agent.
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.
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 Kart allows paying for multiple annual renewals. In this case, the LEI Kart 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.
LEI Kart normally provides your Legal Entity Identifier within 1–24 hours from the moment of payment for the application (if the company submits any necessary additional documents promptly).
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.
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 Kart is available here.
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.