Issued LEI codes
from December 2017
To apply for an LEI code for the first time, please complete the application on our website. We request the required data from the Ministry of Corporate Affairs and will start the preliminary validation of your data immediately.Apply for LEI
The LEI code must be renewed at least once a year to remain valid in the GLEIF database. If you use India LEI as your agent to renew your LEI, the code will be transferred to our administration.Renew your LEI
The purpose of LEI codes is to make it easier to identify a counterparty in financial transactions. The issuance of codes is regulated by the global umbrella organisation GLEIF (Global Legal Entity Identifier Foundation)
To apply for an LEI code, a GLEIF-accredited code issuer LOU (Local Operating Unit) is needed. India LEI is a LOU contractual registration agent that registers LEI codes in India.
India LEI’s database is interfaced with the Ministry of Corporate Affairs, which allows us to automatically query and update data, which allows us to automatically query and update data related to your company. We offer Indian companies a fast and affordable service and keep the data in the GLEIF database in line with your current information.
India LEI s customers only pay for applying for or renewal of the LEI code. Updating data, transferring the LEI code or other activities related to the code are all free of charge for our customers.
An LEI or Legal Entity Identifier is a unique code, consisting of 20 symbols, that allows for identification within the global financial system. An LEI code is issued to a company just once and is unique.
According to the Mifid II directive 2014/65/EL, LEI codes are mandatory for all legal entities who trade in securities. The Reserve Bank of India has mandated the use of LEIs by all companies trading in OTC markets for Rupee Interest Rate derivatives, foreign currency derivatives and credit derivatives in India. Mandatory use of LEIs was phased in between August 1, 2017 and March 31, 2018, as per the RBI Notification dated June 1, 2017.
An LEI code costs from ₹4495 a year. Our full price list is available on our homepage and upon application.
The LEI code is valid for 1 year from the date of issue. The code must then be extended (via a renewal application) for the following year.
Throughout the LEI code period, it is important that the company’s data in the GLEIF database matches the data in the Commercial Register. If the company’s data changes in the Ministry of Corporate Affairs, please let us know by e-mail – email@example.com. We will change the data in the GLEIF database (free of charge).
An LEI number is usually issued within 1-2 working days of payment. If the legal structure of the company (consolidation group) is complex and additional information is required, it may take longer to issue the code. We issue 99% of codes in less than 24 hours.
Companies that operate within jurisdictions that mandate the use of LEIs will need to obtain one before they are allowed to transact on the financial market within that jurisdiction. The RBI has mandated the use of LEIs by large corporate borrowers and legal entities operating within certain financial markets.
India LEI makes requesting an LEI code for a company easy! Complete the application and pay us using internet banking. Then, wait a few days and the LEI code and the receipt will be sent to your email.
After submitting and signing your application, you will be redirected to our payment form, where it is possible to pay by debit or credit card.
Multiannual LEIs save you time and money. For example, if you order a 3-year LEI, registration of the LEI with a validity of 1 year is included alongside the automatic renewal of your LEI code for a further 2 years. By doing so, you do not have to deal with the renewal of your LEI code every year and, since the annual price of our multiannual contracts is cheaper, you will also save money! LEI renewal is performed 30-60 days before your next renewal date so your LEI is always valid in the GLEIF database.
The validity of the LEI code can be verified on the India LEI homepage by using the search. Our database is connected to the GLEIF base and Ministry of Corporate Affairs and it is updated four times a day. LEI codes can be also verified on the website of the GLEIF: https://www.gleif.org/en/lei/search/
India LEI is an official LEI registration agent accredited by the GLEIF, which means we comply with all regulations and data transmission standards. This is especially important for companies considering registering for multiannual renewal of its LEI, since the company makes an advance payment to the registration agent for the entire period. Our database is integrated with that of Ministry of Corporate Affairs and is updated automatically. This reduces the administrative burden on your part, as data changes within the GLEIF database are automated. The use of an official registration agent ensures secure data processing and quality service.