A Legal Entity Identifier (LEI) code of an entity is a 20-digit unique code to identify parties to financial transactions worldwide.
The LEI code is conceived as a key measure to improve the quality and accuracy of financial data systems for better risk management.
The LEI code is conceived as a key measure to improve the quality and accuracy of financial data systems for better risk management.
While applying for LEI code, a certified true copy of the board resolution is required, which shall be signed and submitted by the Company Secretary or by the Managing Director or any two Directors of the Company or Trustees of Trust.
The certified copy of the resolution shall be printed on the letterhead of the Company/ Trust.
The certified copy of the resolution shall be printed on the letterhead of the Company/ Trust.
Email id of the authorised person mentioned in the resolution is used during the submission of online LEI application form.
SAMPLE (of the board resolution)
“RESOLVED THAT the consent of the Board of Directors of the company be and is hereby accorded to the authorized persons as mentioned hereunder to apply for Legal Entity Identifier (LEI) on behalf of the company i.e. ....................... Limited.
FURTHER RESOLVED THAT the following officials of the company be and are hereby severally authorized to sign and submit, whether manually or digitally online, all agreements, power of attorney, writings, applications, indemnities, undertakings, correspondences and such other documents, as may be required from time to time, for the purpose of obtaining Legal Entity Identifier code for the company.
Sl. No.
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Name of Authorized Officials
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Email id for submission of online LEI Form
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1.
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2.
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3.
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FURTHER RESOLVED THAT the above mentioned officials be and are hereby severally authorised to do and perform all such acts, deeds and things and deal with all such matters and take all such steps as may be necessary for the purpose of updating, modifying, renewing, porting or availing any other services with respect to the Legal Entity Identifier of the company.”
thanks very much
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