LEI Code Registration India

The following entities are legally required to obtain and maintain an LEI code in India:

• High-Value Transactors: Any non-individual entity initiating or receiving ₹50 Crore or more in a single day via RTGS/NEFT.
• Corporate Borrowers: All entities with an aggregate credit exposure (fund-based and non-fund-based) of ₹5 Crore or more from banks.
• Listed Companies: All companies listed on Indian stock exchanges (Equity and Debt).
• Derivative Market Participants: Entities involved in non-centrally cleared OTC derivatives.
• Institutional Investors: Banks, Insurance Companies, Mutual Funds, and Pension Funds.
• Non-Individual Entities: This includes Companies, LLPs, Partnerships, Trusts, and Societies involved in financial markets.

Ofin Legal provides an end-to-end management suite for your global identifier:

• New LEI Registration: Complete onboarding with LEIL (Local Operating Unit) and the GLEIF database.
• Annual Renewal Management: Proactive renewal filing to ensure your status never hits “Lapsed.”
• Multi-Year Registration: Strategic 3-year or 5-year packages where you only pay additional government fees while our professional fee remains fixed.
• Document Drafting: Providing expert drafts for the Board Resolution and Power of Attorney (PoA).
• Validation Support: Handling the intensive verification process where LEIL audits the entity’s data against official records.
• Data Modification: Assisting in updates if the entity changes its name, address, or corporate structure.

Entity Constitutional Documents

• Certificate of Incorporation or Registration.
• Memorandum and Articles of Association (MOA/AOA) or Partnership Deed.
• PAN Card of the Entity.

Financial & Authority Documents

• Audited Financial Statements (latest available) to verify parent/subsidiary data.
• Board Resolution authorizing the application.
• Power of Attorney (PoA) in favor of the authorized signatory (Draft provided by Ofin Legal).

Signatory Details

• PAN and Aadhaar of the authorized signatory.
• Contact details and designation of the primary user.

• Dedicated Manager Assignment: You are assigned a compliance expert who understands the RBI roadmap.
• Drafting Support: We share the customized Board Resolution and PoA drafts for your signature.
• Portal Submission: We file the detailed application on the LEIL/CCIL portal, including Level 1 (Who is Who) and Level 2 (Who owns Whom) data.
• Fee Payment: We facilitate the payment of LEIL fees (New/Renewal) and GLEIF surcharges.
• Validation Phase: We manage queries from the LOU (Local Operating Unit) to ensure your entity data matches the MCA/Tax records.
• LEI Issuance: Once validated, your 20-digit code is issued and reflected on the global GLEIF database.

• Drafting & Submission: 1–2 working days.
• LOU Validation: 3–5 working days (depends on document accuracy).
• Global Sync: 24 hours post-approval for the code to reflect on the GLEIF website.
• Note: Accuracy in the “Parent Entity” details is the biggest factor in avoiding delays during the validation stage.

Failure to maintain an active LEI carries severe financial and operational consequences:

• • Blocked Payments: Banks are mandated to reject RTGS/NEFT transactions of ₹50 Crore+ if the LEI is missing or “Lapsed.”
  • Credit Freeze: Borrowers with ₹5 Crore+ exposure cannot renew or enhance credit facilities without a valid LEI.
  • “Lapsed” Status Impact: A lapsed status on the global database alerts international counterparties of a compliance failure, damaging corporate credibility.
  • Regulatory Scrutiny: Repeated failure to comply with RBI mandates can lead to notices and audit observations for “Non-Compliance with Statutory Norms.”

• Manager-Led Service: We don’t just provide a tool; a dedicated manager handles the portal complexities for you.
• Expert Drafting: We provide legally sound drafts for resolutions, ensuring the application isn’t rejected by LEIL.
• Fixed Professional Fees: For multi-year registrations, our professional fee stays the same—you only pay the additional government fees.
• Proactive Renewal Tracking: We alert you 60 days before expiry to ensure your high-value payments never stop.

• E-Sanchit (Paperless Documents):
  ICEGATE registration allows you to use the “e-Sanchit” module. This allows you to upload all supporting documents (Invoices, Packing Lists, etc.) digitally, eliminating the need for physical copies at the customs office.GSTN Integration for Refunds:
  ICEGATE is directly synced with the GST portal. This synchronization is what allows the automatic processing of IGST refunds on exports. Any mismatch in your ICEGATE registration data can lead to your refunds being blocked for months.