LEI (Legal Entity Identifier) is a unique 20-digit code that is assigned to a legal entity set up by regulatory authorities to address the global financial crisis.
The Reserve Bank of India has mandated the implementation of the LEI number for all Corporates with Net Worth of Rs 700 million and below vide circular No. RBI/2016-17/314.
A legal entity seeking an LEI will be required to register as a user on LEI website (i.e. www.ccilindia-lei.co.in). The authorized official will select the option “Create An Account” and fill in the required details. The officials will receive a confirmation e-mail to activate and verify his/her account. The official may then click on the link provided in the e-mail to activate the account.
Post successful login, on LEI service tab, the official may register and fill in necessary details.
The legal entity after creating an account will go to “Information” Tab and select “Legal Doc Download”. The list of documents for each legal form is available for download. The legal entity will have to submit the documents which include but are not limited to:
An LEI is valid for one year from the date of issuance/last renewal date.
Important : LEI number of Holding Company and Ultimate Holding company is reqired to be filled in the application form. If not provided, suitable reason thereof may be selected from the drop-down menu. eg. Consent not obtained from Holding Company.
Introduction of Legal Entity Identifier for OTC derivatives markets (RBI Notification No. RBI/2016-17/314 Dated: 01/06/2017)