Lei search 2.0, Verification, Renewal – lei code registration process, login : What is Lei Number meaning, Certificate download

Check Lei search 2.0, Verification, Renewal – lei code registration process, login : What is Lei Number meaning, Certificate download

LEI: Key Points

• LEI Code Structure:
  • 1-4: ROC Secretariat code.
  • 5-6: Reserved (00).
  • 7-18: Unique reference.
  • 19-20: ISO check digits.
• Payment:
  • Single-Year: ₹4,130/-
  • Multi-Year: Starts at ₹7,257/- for 2 years.
• Validity & Renewal:
  • Valid for 1 year.
  • Renew online via the portal.
• Special Cases:
  • AIF without PAN: Register as AIF.
  • Multiple PANs with same SEBI number: Register as AIF Sub-Scheme.
• Custodian: Mandatory for Mutual Funds and AIFs.
• Official Website: ccilindia-lei.co.in

Lei search 2.0, Verification, Renewal – lei code registration process, login : What is Lei Number meaning, Certificate download

The Legal Entity Identifier (LEI) system was created after the 2007-08 financial crisis to enhance transparency in financial dealings. It aims to tackle problems like misleading financial statements and undisclosed debts by companies. The system helps reduce risks for businesses and financial institutions by offering trustworthy information about those involved in transactions.

What is the Legal Entity Identifier (LEI) ?

The LEI is a unique 20-character alphanumeric code that follows the ISO 17442 standard set by the International Organization for Standardization (ISO). It serves as a global registry for financial transactions, promoting transparency and accountability. This identifier provides important details about ownership structures and the parties involved in transactions.

Features of the LEI code :

Key features of the LEI code include :

• Global Standard: Ensures uniform application worldwide.
• Unique Identifier: Each legal entity receives one distinct code.
• Public Access: Available for free to everyone.
• Data Quality: Supported by reliable, high-quality information.

LEI code structure :

The LEI code structure is as follows:

• Characters 1-4: Assigned by the ROC Secretariat, unique to each Local Operating Unit (LOU).
• Characters 5-6: Reserved characters (00).
• Characters 7-18: A 12-character reference assigned based on clear allocation policies.
• Characters 19-20: Two check digits according to the ISO 17442 standard.

Getting Started – New Registration

Steps to Get an LEI Code :

The process to register for an LEI (Legal Entity Identifier) is outlined in simple steps below.

Step 1: Download Document Checklist

• Visit the portal: ccilindia-lei.co.in.
• Go to the Downloads > Legal Docs Download Tab to access the required documents and formats based on your entity’s legal form.

Step 2: Self-Registration

• Create an Account: Use the authorized user’s official email ID to register and fill out the online form. Applications submitted by unauthorized users will not accepted.
• Who is an Authorized User?:
  • A person authorized via Letter of Authority or Board Resolution.
  • Roles include:
    • Main/Primary User: Submits the application.
    • Authorized User: Named in the application with their email ID.
    • Secondary User: Optional additional contact.

3rd Step : Fill Out Registration Form

The registration form includes the following sections:

1. Company Information Page: Enter basic entity details.
2. Direct Parent Page: Add holding company information.
3. Ultimate Parent Page: Provide details of the ultimate parent if applicable.
4. Payment Page: Enter payment details.
5. Upload Page: Upload required documents.

• For Mutual Funds/Alternative Investment Funds: Additional fund relationship details need to entered.

Step 4: Payment and Submission

• Payment Methods:
  • Online: Choose Net Banking, Credit/Debit Card, and click Save & Submit. A payment link will sent via email and SMS to the authorized person. Once payment is received, a reference number is generated.
  • Demand Draft: Select Demand Draft, click Save & Submit, and note the reference number. Send the draft with required documents to LEIL. Write the reference number on the back of the draft.
• Email Confirmation: LEIL sends an email with the reference number and a checklist of documents to submit.

Step 5: Document Verification

• Verification Process:
  • LEIL verifies the online form, documents, and payment.
  • Additional documents or changes to the form may requested.
  • Login to the portal, make the required changes, and click Save.

6th Step : Issuance of LEI

• Once payment and document verification are successful:
  • LEIL issues the LEI number and sends it via email.
  • A digitally signed invoice is also emailed to the entity.
  • The LEI number must shared with all banks.

This simplified process ensures a smooth LEI registration for legal entities.

Renewal of LEI Codes :

LEI codes are valid for one year. To renew :

• Go to the same portal and select “Modify and Renewal.”
• Enter the LEI code to fill in details automatically, making any necessary changes.
• Check the box for “LEI Renewal” and complete the form, payment, and document submission.
• A renewed LEI code will issued after verification, with confirmation sent via email.

This information is intended for general use and is not legal or professional advice. Always speak to a licensed attorney for specific legal guidance.

Funds, Branches, and ARCs :

Registration for Mutual Funds, Pension Funds, and Alternate Investment Funds (AIF) Every Mutual Fund, Pension Fund, or AIF is treated as a legal entity and can obtain its own Legal Entity Identifier (LEI).

Custodian Requirement:

• A Custodian Bank is required for Mutual Funds and AIFs. If there are multiple custodians, list them in the comments section.

AIF Trust Scheme Without PAN:

• If an AIF Trust Scheme lacks a Permanent Account Number (PAN) or any other ID but generates annual financial statements and is the sole scheme of the trust, choose the legal form as Alternate Investment Fund (AIF).

AIFs with the Same SEBI Number but Different PANs:

• Select the legal form as AIF Sub-Scheme.

Sub-Schemes Registration:

• Each Sub-Scheme is a distinct legal entity and can get its own LEI.

Naming Guidelines:

• Use only the official name of the legal entity. For example, for “IDBI MUTUAL FUND-IDBI SHORT TERM FUND,” the legal name should IDBI SHORT TERM FUND.

Official Website << ccilindia-lei.co.in >> Legal Entity Identifier (LEI)

CLICK HERE to download the LEI User Manual.

To download the Legal Entity Identifier (LEI) Certificate – CLICK HERE