LEI registration.

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The Legal Entity Identifier (LEI) is mandatory for certain financial transactions. In India, companies with an aggregate credit exposure exceeding ₹5 crore (fund-based and non-fund based) must register. Importantly, the turnover of a company is not a determining factor for LEI registration; the threshold is based solely on credit exposure.

amruth

amruth (Querist)

03 February 2020 Hi,

Which Companies need to register in LEI, and a company has less then 2000 Million turnover can also be register in LEI.

Thanking you

Amruth Kumar

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

03 February 2020 Legal entity identifier (LEI) is mandatory for transactions in interest rate, forex and credit derivative market. The Reserve Bank of India (RBI) has also made LEI compulsory for companies and organisations having aggregate fund-based and non-fund based exposure of credit over RS 5 crore.

amruth

amruth (Querist)

18 February 2020 Thanks for above answer, but if a company has less 5 crores turnover in a year. Than that company need to register or not need to register in LEI.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

18 February 2020 No need in case of credit exposure of fund based and non fund based less than 5 crore. Turnover limit not applicable.

amruth

amruth (Querist)

20 February 2020 Thanks Sir for Valuable Information.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

20 February 2020 Welcome.................

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