Home Services M-Registration Legal Entity Identifier Code (LEI)

Legal Entity Identifier Code (LEI)

LEI code — globally unique 20-character identifier mandatory for RBI-regulated entities, corporate borrowers above Rs.5 crore, and OTC derivatives participants.

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Overview

The Legal Entity Identifier (LEI) is a globally unique 20-character alphanumeric code issued to legal entities engaging in financial transactions under the ISO 17442 standard administered by the Global Legal Entity Identifier Foundation (GLEIF). The Reserve Bank of India (RBI) has made LEI mandatory for corporate borrowers with total exposure above Rs.5 crore, OTC derivatives participants, participants in the government securities and money markets, and entities making large-value cross-border transactions.

In India, LEI codes are issued by Legal Entity Identifier India Limited (LEIL), a subsidiary of CCIL — the authorised Local Operating Unit. LEI registration requires annual renewal to remain active — an expired LEI is considered invalid for regulatory reporting. MFiling manages both new LEI applications and annual renewals for corporate clients.

LEIL fee: Rs.4,900 (new) + Rs.4,900 (annual renewal). Processing time: 5–7 working days. MFiling professional charges: from Rs.2,999 inclusive of application and LEIL portal management.

Key Benefits

Globally Recognised Financial Identity
20-digit code recognised in 150+ countries for cross-border financial transactions.
Mandatory RBI Compliance
Avoids restrictions on bank loans, OTC derivatives, and money market transactions.
OTC Derivatives & Government Securities Market Access
Required for participation in regulated financial markets under RBI and SEBI.
GLEIF Global Database Listing
Publicly searchable on GLEIF database — enhances credibility with international counterparties.
FEMA Compliance for Cross-Border Transactions
Required for entities making large-value cross-border remittances under FEMA.

Documents Required

Certificate of Incorporation / Registration Document
PAN Card of the Entity
Registered Office Address Proof — Utility Bill or Bank Statement
List of Authorised Signatories with Identity Proof and Designation
Latest Audited Financial Statements
Board Resolution Authorising LEI Application (for companies)

How it Works

Determine LEI Requirement (Day 1)

Check RBI/SEBI mandates applicable to your entity — loan exposure, derivatives, or money market activity.

Prepare Application Package (Day 1–2)

Compile incorporation documents, PAN, address proof, and financial statements.

Register on LEIL Portal (Day 2)

Create account on Legal Entity Identifier India Limited portal (leil.co.in).

Fill LEI Application Form (Day 2)

Enter entity legal name, registration details, registered address, and hierarchy information.

Upload Supporting Documents (Day 2)

Submit incorporation certificate, PAN, address proof, and financial statements.

Pay LEIL Fee (Day 2)

Rs.4,900 for new registration (plus Rs.4,900 annually for renewal).

LEIL Verification and Issuance (5–7 working days)

LEIL verifies documents and issues the 20-character LEI code.

Frequently Asked Questions

What happens if my LEI expires?
An expired LEI is treated as invalid by regulators. Banks will restrict financial transactions, OTC derivatives counterparties will reject the entity, and RBI/SEBI reporting will flag non-compliance. MFiling tracks LEI renewal dates for all clients and files renewals proactively.
Is LEI required for all companies or only large ones?
LEI is mandatory for entities with total bank/NBFC credit exposure above Rs.5 crore, OTC derivatives participants, government securities market participants, and entities making cross-border transactions above thresholds set by RBI. Smaller companies without these exposures do not require LEI.
Service Price
₹2,999
Starting price · GST extra
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Globally Recognised Financial Identity
20-digit code recognised in 150+ countries for cross-border financial transactions.
Mandatory RBI Compliance
Avoids restrictions on bank loans, OTC derivatives, and money market transactions.
OTC Derivatives & Government Securities Market Access
Required for participation in regulated financial markets under RBI and SEBI.
GLEIF Global Database Listing
Publicly searchable on GLEIF database — enhances credibility with international counterparties.
FEMA Compliance for Cross-Border Transactions
Required for entities making large-value cross-border remittances under FEMA.

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Service Price
₹2,999
Starting price · GST extra

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