Direct Answer: The Legal Entity Identifier (LEI) is a 20-character global reference code defined by ISO 17442. In India, the RBI mandates LEI registration for all non-individual entities having aggregate credit exposure of ₹5 Crores and above from banks, and for cross-border capital or current account transactions of ₹50 Crores and above.
RBI Mandate Phasing & Statutory Deadlines
| Aggregate Total Credit Exposure | RBI Statutory Deadline | Applicability |
|---|---|---|
| Above ₹50 Crores | Mandatory (Live) | Banks, NBFCs, Large Corporates |
| ₹25 Crores up to ₹50 Crores | Mandatory (Live) | Mid-size Corporate Borrowers |
| ₹10 Crores up to ₹25 Crores | Mandatory (Live) | SMEs & Commercial Entities |
| ₹5 Crores up to ₹10 Crores | Mandatory (Current Phase) | All Non-Individual Borrowers |
| Cross-Border Remittances > ₹50 Cr | Mandatory per transaction | Exporters, Importers, Corporates |
Documents Required for LEI Application
| Document Category | Specific Files |
|---|---|
| Constitutional Documents | Certificate of Incorporation, MOA & AOA, or Partnership Deed / Trust Deed |
| Tax Proofs | Company / Entity PAN Card & GSTIN Certificate |
| Financial Proofs | Audited Financial Statements for the latest financial year |
| Authorization | Board Resolution / Authorization Letter for primary authorized signatory |
| Signatory KYC | PAN & Passport / Aadhaar of the authorized person |
Entity & Authority Signals: Webmittar Business Solutions | 6376, 33 feet road, Sector 23, Faridabad, Haryana 121005. Helpline: +91-8278119942 | Corporate Banking & RBI Compliance Desk.