LEI Registration Consultant
Seeking a Legal Entity Identifier (LEI) Registration Consultant? Obtain your Entity Registration Number swiftly within just one day! As India’s premier and fastest LEI Registration Consultant, we specialize in providing efficient Legal Entity Identifier Registration and Renewal Services.
Every organization, partnership firm, LLP, or company engaged in foreign currency hedging, with financial transactions or credit and non-credit based exposures exceeding 5 Crore, necessitates an LEI Number.
We offer hassle-free LEI Registration entirely online, eliminating the need for any physical documentation. Explore LEI Needs, Criteria, Documentation, Pricing and Process.
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Legal Entity Identifier Registration
Legal Entity Identifier (LEI) Code is a unique identifier number stored in a global database managed by GLEIF. Banks require an LEI Number or LEI Certificate for compliance with loans, derivatives, foreign exchange transactions, and financial exposures exceeding the specified limit set by the RBI. Additionally, exporters or importers engaging in forex hedging also need an LEI Code. The Legal Entity Identifier serves to identify a company or organization in a single global database.
According to a recent circular from the Reserve Bank of India (RBI), LEI Registration is mandatory for companies with banking transactions exceeding 50 Crore. Furthermore, entities with financial exposure such as loans or credit exceeding 5 crores must possess a valid LEI.
Therefore, the Legal Entity Identifier Code aids in credit monitoring, allowing banks to limit multiple loans against the same collateral or security. If you require an LEI Registration Consultant, then Vakil Adda is a one-stop LEI Service provider.
Documents Checklist for LEI Registration
The following documents are required for Legal Entity Identifier Registration:
1. PAN Card of the Business
2. GST Registration or Certificate of Incorporation
3. PAN Card and Aadhar Card of the Owner or Director
4. Authority Letter (Sample will be provided)
5. Bank Details
6. Memorandum of Association (MoA) and Articles of Association (AoA) or Deed (as applicable)
7. Email Address and Mobile Number
Who is required to obtain an LEI Registration Number?
In India, certain entities must get a Legal Entity Identifier (LEI) number. These are:
1. Companies with Banking Transactions: If a company’s banking transactions go beyond a certain limit, usually around 50 Crore, they need an LEI number. This is according to a recent RBI circular.
2. Entities with Financial Exposure: Businesses or entities with big financial commitments, like loans or credit over a certain amount, often around 5 Crore, also need an LEI.
3. Dealing in Derivatives and Forex Hedging: Entities who is dealing in foreign currency hedging.
It’s crucial to keep up with rules from authorities like the RBI to make sure you follow India’s LEI requirements.
Purpose of LEI Code Registration
Let’s analyse how LEI Registration is helping financial institutes
Identification: LEIs uniquely identify legal entities in financial transactions, enhancing transparency and risk management.
Regulatory Compliance: Regulatory bodies worldwide require LEIs for financial entities, aiding in regulatory reporting and fraud detection.
Counterparty Verification: LEIs help financial institutions accurately identify transaction counterparts, reducing errors and speeding up processing.
Global Standard: LEIs establish a universal identification system across jurisdictions, promoting consistency in reporting and compliance.
- Monitoring Loan Collateral: LEI code helps in monitoring the security collateral of a loan.
Transparency Boost: LEIs provide standardized information about entities, empowering stakeholders with data for informed decision-making.
LEI Registration Charges
We provide comprehensive LEI Registration and Renewal Service, We are India’s Fastest LEI Code Generator. Our Pricing Combo inclusive of all are as follows:
- One-Year Registration: Rs. 12000/- (Inclusive of All Fees)
- Two Year Registration: Rs. 18000/-
- Three-Year Registration: Rs. 23000/-
LEI Registration Process - Get in One Day Completely Online
We need basic documents of Company for LEI Application.
On Satisfaction of Document Requirement, Pay Fees for Legal Entity Identifier. Our Fees is Inclusive of All Governemnt Fees and Our Charges.
After that, We will Process for LEI Certificate Issuance. Get LEI Code in One Day.
Renewal of LEI Registration Number
Annually, the Legal Entity Identifier (LEI) Code necessitates a renewal process. Additionally, any significant alterations in entity ownership or activities must be promptly communicated. We offer multi-year LEI Registration packages coupled with comprehensive renewal solutions.
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Frequently Asked Questions on Legal Entity Identifier
A Legal Entity Identifier (LEI) is a distinctive alphanumeric code designed to uniquely identify legal entities involved in financial transactions. It serves as a standardized identification system globally.
LEI registration is essential for regulatory compliance, effective risk management, and fostering transparency within financial markets. It enables regulatory authorities to monitor systemic risk, detect financial irregularities, and ensure accurate transaction reporting.
Expiring LEI registration may result in disruptions to financial transactions, non-compliance with regulations, and difficulties accessing certain financial services.
