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… Your legal entity registration number (LEI) for Indian companies!
Every institution (LLP, PLC, PC, PPP,..) that buys, sells or issues financial instruments (shares, funds, bonds) is required to have a valid LEI number. This also applies to all institutions that invest exclusively in securities accounts.
LEI.NET was founded in 2021 by F.I.D. GmbH, a subsidiary of Sherpa Group GmbH. As a certified company, we take care of the registration, management and renewal of our LEI customers. Our goal is to provide companies, institutions and institutions with quick and easy access to LEI registration. That’s why our customer service is always there to answer your questions. In addition to applying for new LEI numbers, we also offer automatic renewal of existing LEI numbers. Through our free LEI database, you can access published LEIs and related business information at any time.
Entrepreneurs can use the LEI code to perform financial transactions. The LEI-number, for example, allows business partners to view all the necessary information. All information of the LEI number holder is stored in the International Database (GLEIS). It is accessible to the public and provides a tangible inquiry in minutes.
The LEI-number is issued by an international organization called GLEIF (Global Entity Identifier Foundation). This organization, which has been in operation since 2014, is located in Basel. Local business entities (LOUs) and registrars are connected to it. Employers can apply for their LEI number through them. Just fill out the form and send the application form. You can choose from several options. If you need a LEI number for several years, you can apply for automatic renewal of the various models immediately. The LEI number is only valid for one year and after that it needs to be renewed. If you have a contract for many years, we will take care of the renewal.
It usually takes 24 hours from receipt of payment to issue LEI number. Various payment methods are available to make the process as smooth as possible.
The biggest advantage is probably the collection of customer data. It used to be a long process. Certificates were manually copied and compared to the data. In addition, a lot of data was needed to ensure a secure way to buy shares. The idea of the LEI-number has given the process a real boost. With the digitalization of the steps, there is now only a small online form to fill out. Similarly, the renewal, renewal and withdrawal of business information now depend on a usable system that is easy to keep up with rapidly changing global financial markets.
Public and transparent information minimizes the risk of international financial transactions. This makes it easy to see who your business partner is and what they stand for. This provides a security level that did not exist in this form for the LEI code.
The Global Legal Entity Identifier Foundation, GLEIF for short, is a transnational foundation based in Basel, which was founded by the Financial Stability Board in 2014. GLEIF’s main task is to issue LEI numbers to LOUs, which in turn issue LEI numbers to legal entities.
If an LEI number is no longer valid, no financial transactions can be carried out with it by the associated company. If you are not sure whether your LEI number is still valid, you can run a query. If the number is no longer valid, you must renew it.