What we do
Our work in this practice group is structured around the records, deadlines, and decisions involved:
- Mandatory compliance with RBI directives for corporate borrowers with credit exposure of ₹5 Crores and above.
- Prerequisite for executing high-value cross-border remittances (₹50 Crores+) via RTGS/NEFT.
- Unlocks renewal and expansion of working capital, term loans, and bank guarantee limits.
- Enhances global credibility and transparency in international trade and cross-border commercial contracts.
- Published on the public GLEIF global database for international counterparty verification.
- Fast-track issuance within 24 to 48 hours upon submission of verified corporate documentation.
How the engagement works
Under RBI Circulars (RBI/2017-18/82 and RBI/2021-22/112), non-individual entities with aggregate bank credit exposure exceeding ₹5 Crores must obtain an LEI code according to phased deadlines. Banks are instructed not to grant renewal/enhancement or fresh credit facilities to borrowers who fail to obtain an LEI. Additionally, RBI Circular (RBI/2020-21/82) mandates LEI for large-value payments of ₹50 Crores and above.
Scenario 1: A corporate, partnership, or trust having total bank loans, CC limits, or overdraft facilities of ₹5 Crores or more.
Scenario 2: An enterprise receiving a compliance ultimatum from a consortium of banks to furnish an active LEI code within 30 days.
Scenario 3: An export/import business transferring or receiving cross-border remittances exceeding ₹50 Crores.
Scenario 4: An entity participating in OTC derivative markets or regulated financial exchange contracts requiring LEI reporting.
Scenario 5: An existing LEI holder whose 1-year certificate validity is expiring and requires swift annual re-validation.
Entity Eligibility & Data Validation
We review your corporate status (Pvt Ltd, Public Ltd, LLP, Partnership, Trust) and compile audited balance sheets and shareholding structures.
Board Resolution & Authority Documentation
We draft the customized Board Resolution / Authorization Letter compliant with LEIL and GLEIF specifications.
LEIL Portal Application Filing
We prepare and submit the digital application on the Legal Entity Identifier India Ltd (LEIL) portal with digital signatures.
General questions
01What is a Legal Entity Identifier (LEI)?
The LEI is a 20-digit, alpha-numeric code based on the ISO 17442 standard that uniquely identifies legal entities engaging in financial transactions globally.
02Who is required to obtain an LEI in India?
Under RBI guidelines, all non-individual borrowers having aggregate credit exposure (fund-based and non-fund-based) of ₹5 Crores and above from banks/NBFCs, and entities executing cross-border RTGS/NEFT transactions of ₹50 Crores and above, must obtain an LEI.
03How long is an LEI code valid?
An LEI code is valid for one year from the date of issuance and must be renewed annually to maintain active status on the global GLEIF database.
04Can multi-year LEI validity be purchased?
Yes, entities can choose multi-year validity plans (such as 3 years or 5 years) to ensure seamless continuity without annual administrative burden.