Introduction
Registering for a Legal Entity Identifier (LEI) may sound complex, but with the right guidance, it is a straightforward process. Whether you’re applying for your company’s first LEI or managing registrations for multiple entities, this guide will walk you through each step to ensure a smooth and hassle-free experience.
What is an LEI?
An LEI (Legal Entity Identifier) is a unique 20-character alphanumeric code issued to legal entities participating in financial transactions. It helps regulators, financial institutions, and counterparties identify “who is who” in the global financial system.
Who Needs an LEI?
In India, LEI registration is mandatory for:
- Companies trading in securities, derivatives, or forex
- Borrowers with aggregate fund-based and non-fund-based exposure of Rs. 50 crore and above
- Entities making large-value payments as per RBI and SEBI guidelines
Benefits of Having an LEI
Regulatory Compliance: Avoid penalties and ensure smooth transactions
Global Recognition: Builds credibility in international markets
Transparency: Enhances risk management for banks and regulators
Step-by-Step Process to Register an LEI Online
Step 1: Gather Required Documents
Before you begin your application, keep these documents ready:
- Certificate of Incorporation / Partnership Deed / Registration Certificate
- PAN card
- GST registration certificate (if applicable)
- Proof of authorised signatory (Board Resolution or Power of Attorney if required)
Step 2: Choose an Accredited Registration Agent
Select an LEI Registration Agent approved by GLEIF. At MyLEI, we ensure:
- Fast processing
- Secure document handling
- Competitive pricing
Step 3: Fill Out the Online Application Form
Provide accurate details of your entity, including:
- Registered name and address
- PAN and incorporation details
- Contact details of the authorised signatory
📝 Tip: Double-check spellings and registration numbers to avoid rejections or delays.
Step 4: Upload Supporting Documents
Upload clear, legible copies of all required documents. Ensure:
- Documents are not password protected
- File sizes are within platform limits
- Authorisation documents are signed and stamped (if required)
Step 5: Make Secure Online Payment
Pay the registration fee through net banking, UPI, or card payment options. Charges may vary depending on the validity period you choose (1-year, 3-year, or 5-year).
Step 6: Application Review and Verification
Your Registration Agent will:
- Verify the submitted details and documents
- Contact you if clarifications are needed
- Submit the final request to the LEI issuing authority (LOU)
Step 7: Receive Your LEI
Once approved, your LEI will be:
- Issued within 1-2 working days in most cases
- Sent to your registered email address along with the certificate
- Updated in the GLEIF global database for verification by banks and regulators
How Long Does It Take?
At MyLEI, we process most applications within 24-48 hours, ensuring your business stays compliant without delays.
Common Mistakes to Avoid
Incorrect entity name or registration number
Blurred or incomplete document uploads
Missing authorisation proof for the signatory
Delaying renewal applications, leading to expiry
Conclusion
Obtaining an LEI is mandatory for many financial transactions and is essential for regulatory compliance. By following these simple steps and working with a trusted LEI Registration Agent, your application process can be quick, easy, and stress-free.
Ready to apply for your LEI? Register now with MyLEI for a fast and seamless experience.
