LEI Registration

A Legal Entity Identifier (LEI) is a 20-character alphanumeric code used to uniquely identify parties to financial transactions globally, under the ISO 17442 standard. In India, LEI issuance is administered by Legal Entity Identifier India Ltd (LEIL), a company recognised by the Reserve Bank of India (RBI) as a Local Operating Unit under the Payment and Settlement Systems Act, 2007.

The RBI has mandated LEI for several categories of transactions and counterparties, including:
— Large-value payment transactions through NEFT and RTGS of ₹50 crore and above, by both remitter and beneficiary (non-individual entities);
— Cross-border transactions of ₹50 crore and above, for non-individual entities;
— Participants in Over-the-Counter (OTC) derivative markets (interest rate, forex and credit derivatives); and
— Non-individual borrowers with aggregate (fund-based and non-fund-based) exposure of ₹5 crore and above from any single bank, who are required to obtain an LEI as a condition of continued credit facilities.

An LEI, once issued, must be renewed annually with LEIL for as long as the entity continues to require it for the transactions or credit facilities above; failure to renew can result in the LEI lapsing and the entity being treated as non-compliant for the underlying RBI-mandated transaction.

This service covers assessment of whether LEI is mandatorily required for the entity's specific transactions/borrowings, preparation and submission of the LEIL application with supporting KYC and constitutional documents, and coordination of the annual renewal.

We assist Indian entities with LEI registration, validation, documentation, and annual renewal tracking. LEI is commonly required for RBI-regulated borrowing, overseas borrowing above prescribed thresholds, and listed or traded debt instruments.