Licences & Legal
LEI (Legal Entity Identifier) — Meaning
A 20-character global ID required for large borrowers and large-value payments in India.
What is LEI (Legal Entity Identifier)?
A Legal Entity Identifier uniquely identifies a legal entity in financial transactions worldwide. The RBI requires non-individual borrowers with aggregate bank exposure of ₹5 crore and above to obtain one, as well as entities making RTGS/NEFT payments of ₹50 crore and above and cross-border capital or current account transactions of ₹50 crore and above. In India it is issued by Legal Entity Identifier India Ltd and must be renewed every year.
Need help with this?
Our CA team handles this for clients across India.
Related terms
More Licences & Legal terms
EPR (Extended Producer Responsibility)
The obligation on producers, importers and brand owners to fund collection and recycling of their packaging or products.
BIS Certification (ISI / CRS)
Mandatory product certification for goods covered by Quality Control Orders.
LMPC Registration (Legal Metrology)
Registration for manufacturers, packers and importers of pre-packaged goods, with mandatory label declarations.
FCRA (Foreign Contribution Regulation Act)
The law requiring NGOs to have registration or prior permission before receiving foreign donations.
Section 12AB Registration
The registration that makes an NGO's income tax-exempt when applied to charitable purposes.
