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LEI Code Registration (Legal Entity Identifier)
Stay Globally Compliant with Legal Entity Identifier (LEI) Registration through IndiaFills.com
What is an LEI Code?
A Legal Entity Identifier (LEI) is a unique 20-digit alphanumeric code used internationally to identify legally registered entities involved in financial transactions. It enhances transparency and mitigates risk by making entity identification consistent and globally accessible.
The LEI system is governed by the Global Legal Entity Identifier Foundation (GLEIF) and follows the ISO 17442 standard. In India, Legal Entity Identifier India Ltd. (LEIL)—recognized by the Reserve Bank of India (RBI)—is authorized to issue LEI codes.
Benefits of LEI Registration
- ✅ Enhances transparency in financial markets
- ✅ Helps manage credit and counterparty risks
- ✅ Ensures regulatory compliance
- ✅ Enables accurate identification in cross-border transactions
- ✅ Aids in fraud detection and financial audits
Structure of an LEI Code
An LEI Code consists of 20 characters divided into four parts:
Section | Description |
Characters 1–4 | Identifier of the Local Operating Unit (LOU) |
Characters 5–6 | Always set to ’00’ |
Characters 7–18 | Unique entity-specific characters |
Characters 19–20 | Check digits for validation |
Example: 89450027AK4LSOGXGY18
Who Needs an LEI Code in India?
The LEI is mandatory for various entities as specified by RBI, SEBI, and other financial regulators:
- Banks, NBFCs, and Insurance Companies
- Entities listed on stock exchanges
- Participants in Forex and OTC Derivatives Markets
- Companies with RTGS transactions above ₹50 crore
- Borrowers with exposure above ₹5 crore
- Publicly listed issuers or guarantors of securities
Validity & Renewal of LEI Code
- LEI Codes are valid for 1 year from the date of issuance.
- Renewal is mandatory before expiry to maintain the LEI’s active status.
- Multi-year renewals (1, 3, or 5 years) are available with auto-reminders before expiry.
- Failure to renew will lead to the LEI being marked as inactive.
Documents Required for LEI Registration
- Audited Financial Statements
- Letter of Authority or Board Resolution (in LEIL-specified format)
- Parent Company Details (if applicable):
- Audited statements of holding or ultimate parent company
- Auditor’s certificate (as per LEIL format)
Information Captured by LEI Code
The LEI database stores two levels of information:
- Level 1 – Entity Information
Legal name, registration number, jurisdiction, status, legal address, etc. - Level 2 – Ownership Structure
Identifies the direct and ultimate parent of the entity (if applicable)
This helps answer:
- Who is who?
- Who owns whom?
- Who owns what?
Step-by-Step Process to Obtain LEI Code
✅ Step 1: Prepare Documents
Download relevant document formats from LEIL’s official website and ensure compliance.
✅ Step 2: Register on LEIL Portal
Create an account and fill out the application using your official credentials.
✅ Step 3: Make Payment
Pay via net banking, card, or demand draft. You’ll receive a reference number for tracking.
✅ Step 4: Submit Documents
Upload documents referencing your application number for verification.
✅ Step 5: Receive LEI Code
Once verified, LEIL issues the LEI Code along with a digital certificate via email.
LEI Code Search
- In India: Use the LEIL Portal to search LEIs issued in India.
- Globally: Use the Global LEI Index (GLEIF) to search worldwide LEI records.
Search using:
- LEI Code
- Company Name
- Registered Address
Why Choose IndiaFills.com for Your LEI Registration?
IndiaFills simplifies the entire LEI registration process with expert assistance and regulatory guidance:
- ✔ Expert-led document collection & review
- ✔ Step-by-step application support
- ✔ Timely reminders for renewal
- ✔ End-to-end compliance assistance
Secure your LEI code today with IndiaFills.com and stay compliant in the global financial marketplace!
