Legal Entity Identifier India Limited Page 9 of 22
Q: I already applied for and received LEI. Now the LEI is displayed with the "Lapsed"
status. What does that mean?
A: An LEI is valid for one year. After that, the entire record needs to be validated again in order
to ensure the actuality and accuracy of the information. This validation is done only if the
entity requests the Renewal certification. If not, the pre- LEI status is set to "Lapsed ". It
remains published, but the information might be out of date and no longer correct. Any use
of LAPSED LEI shall be deemed to be without the approval of LEIL LOU, and LEIL shall not
be responsible for any liability arising out of LEI that has “LAPSED” status. No cause of
action shall lie against LEIL for use of LEI with a LAPSED status. Kindly refer to the LEIL
“Rules for Pre LOU/LOU Services” Chapter XI “Renewing LEIs”.
Q: Where can I find out the renewal date for my existing LEI?
A: The legal entity has to search the LEI in search tab. The user shall click on “View Details”
which provide the “LEI Next Renewal Date”.
Q: What is the difference between legal address and the address of headquarter?
A: For legal entities other than funds, the legal address shall be the physical address to which
communications with respect to LEI would need to be addressed; this address shall be
available on business official registries or documents submitted by the legal entity. Where
no such formal headquartered address exists, the entity will input address at which it might
be contacted most usefully. The headquartered address can be similar to that of legal
address.
In case of the legal address for funds, LEIL will validate using the following “waterfall”
approach: (1) where the fund’s Prospectus identifies a registered address, that address is to
be entered by the legal entity (2) failing (1), if the incorporation (foundational) documents
identify an address for the service of legal documents, that address is to be entered by the
legal entity; (3) failing (1) and (2), if there is a management company responsible for the
legal affairs of the entity, the address of the management company is to be entered by the
legal entity.
In case of the headquartered address for funds, LEIL will validate using the following
“waterfall” approach: (1) where the fund’s Prospectus identifies a headquartered address,
that address is to be entered by the legal entity (2) failing (1), if there is a management
company responsible for the legal affairs of the entity, the address of the management
company is to be entered by the legal entity, (3) failing (1) and (2), the headquartered
address can be the same as the legal address.