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Set up a Legal Entity Identifier Code

  • LEI Code is required for companies involved in global financial transactions. Get your Legal Entity Identifier Code quickly and easily with Compliance Gurukul.

10K+ Legal Entity Identifier Code Firms Registered Since 2020

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Register Legal Entity Identifier Code Firm Online through Compliance Gurukul

You can easily complete Legal Entity Identifier Code firm registration online through Compliance Gurukul. For a sole Legal Entity Identifier Code, only the PAN & Aadhaar card of the business owner is required. We can help you obtain the following registrations in less than 15 days:

  • GST Registration
  • Zero-Balance Business Current Account with Compliance Gurukul Software

Once, you have registered for the Legal Entity Identifier Code firm registration online on Compliance Gurukul, please follow the steps below and upload the following documents by logging into Compliance Gurukul Software.

  • Step 1: Login to Compliance Gurukul Software using the email address for payment.
  • Step 2: Go to Services Tab & Select Legal Entity Identifier Code Engagement
  • Step 3: Upload your PAN & Aadhar Card Copy
  • Step 4: An Compliance Gurukul Registration Expert will file the registration application with GST Department and Bank for Current Account.
  • Step 5: Access to Compliance Gurukul Software is for GST invoicing, GST filing and other services.

LEI CODE

An LEI (Legal Entity Identifier) code is a 20-digit alphanumeric identifier used globally to identify legal entities involved in financial transactions uniquely. LEI register helps improve transparency and reduces the risk of financial fraud by ensuring that each entity's details are easily accessible and consistently recorded in financial markets worldwide. Each LEI registration Code provides key reference information that enables clear and unique identification of legal entities participating in financial transactions, such as their name, location, and information concerning the company structure.

Obtain Your LEI Code Seamlessly with Compliance Gurukul!

Secure your LEI Code effortlessly through Compliance Gurukul, your trusted partner in business compliance. Through this service, we help companies subjected to LEI number applicability to obtain the Legal Entity Identifier Code. At IndiaFilings, we streamline the process of collecting the LEI requirements and obtaining your Legal Entity Identifier, ensuring that it is both straightforward and compliant with global standards.

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Documents Required for LEI Code

Here are the documents listed for the LEI requirements, as specified by LEIL:

  • Audited Financial Statements: These are mandatory and provide a detailed account of the financial health and transactions of the entity.
  • Letter of Authority: This LEI certificate requirement must be in the format specified by LEIL or a General Board Resolution authorising the LEI application.
  • Documents for Holding and Ultimate Parent Companies: For entities that are holding companies or ultimate parents, audited financial statements are needed. Alternatively, an Auditor’s Certificate in the format specified by LEIL can be submitted to demonstrate compliance and financial integrity.

Timelines

A sole Legal Entity Identifier Code firm registration can normally be done in India through Compliance Gurukul in max 2 weeks. However, the timelines for registration will vary from case to case, depending on the government and bank processing timelines.

Legal Entity Identifier Code FAQ's

To answer the question of what is LEI number, It is a 20-digit alphanumeric code uniquely assigned to legal entities participating in financial transactions globally. It enhances transparency by enabling clearer identification across international markets.

Financial institutions, corporations involved in trading, insurance companies, and any entity listed on a stock exchange or participating in the financial market under regulatory requirements are subjected to LEI code applicability and must obtain LEI Code.

LEI Codes are used to fulfill regulatory requirements in financial reporting, risk monitoring, and transaction processing across global financial markets.

LEI Codes are issued by Local Operating Units (LOUs) that are accredited by the Global Legal Entity Identifier Foundation (GLEIF). In India, the Legal Entity Identifier India Ltd. (LEIL) issues LEI numbers.

The LEI includes an LOU-specific prefix, a unique entity identifier, and two check digits for verification, adhering to the ISO 17442 standard.

Its main function is to ensure a consistent and public identification of legal entities globally, which supports transparency and risk management in financial transactions.

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