Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 26 SEPTEMBER 2023

Regulatory Update: SEBI Mandates FPIS To Provide Legal Entity Identifier Code

Acuity Law
Explore more from Acuity Law

The Securities and Exchange Board of India (SEBI), vide circular dated 27 July 2023 (available here) has made it mandatory for non-individual foreign portfolio investors (FPI)...

IndiaCorporate/Commercial Law
Souvik Ganguly
Souvik Ganguly
Author LinkedIn connections

The Securities and Exchange Board of India (SEBI), vide circular dated 27 July 2023 (available here) has made it mandatory for non-individual foreign portfolio investors (FPI) to provide details of their Legal Entity Identifier (LEI) code in the 'Common Application Form' (CAF), which is an application form used for registration of FPIs with SEBI, allotment of permanent account number (PAN), and know your customer (KYC) for opening of bank and demat account in India.

Earlier, FPIs were only required to provide details of their LEI on a voluntary basis. LEI is a global reference number in the form of a unique alpha-numeric 20-character code used to provide unique identification to legal entities engaged in financial transactions. It contains information about the ownership structure of the legal entity. LEI can be obtained from a Local Operating Unit accredited by the Global Legal Entity Identifier Foundation. In India, LEI may be obtained from Legal Entity Identifier

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

CCPS In India: Why Compulsorily Convertible Preference Shares Remain Central To Venture Capital And M&A Transactions

Compulsorily Convertible Preference Shares (CCPS) remain one of the most widely used instruments for venture capital and private equity investments in Indian companies. Their appeal lies in the ability to combine equity classification with negotiated economic and governance protections. But CCPS are not governed by a single, standalone statutory framework. Their legal treatment is instead shaped by the Companies Act, FEMA and foreign investment rules, tax law, and, where applicable, SEBI regulations.
IndiaCorporate/Commercial Law
King, Stubb & Kasiva
King, Stubb & Kasiva
Article

FCRA Amendment Rules, 2026: Key Changes And Practical Implications

AZB & Partners provides important disclaimers regarding the nature and purpose of their website, clarifying that no solicitation or advertising has occurred and that the information is provided solely at the user's request. The firm outlines the limitations of the website content and emphasizes that accessing it does not create a lawyer-client relationship. Users are informed about their responsibilities when using the site and the firm's intellectual property rights over the content.
IndiaCorporate/Commercial Law
AZB & Partners
AZB & Partners
Article

A Sneak Peek Into A Historic Deal In The Entertainment Industry: How Paramount Beat Netflix For Warner Bros. – Lessons And Reforms For India

Chanakya, the ancient Indian strategist and author of the Arthashastra, taught that an opponent is overcome through four means: sama (persuasion), dana (inducement), bheda (division) and danda (force). The contest for Warner Bros. Discovery (WBD) is a modern illustration of all four. Netflix made the first offer and signed a merger agreement with WBD, yet Paramount played each of its cards with care.
IndiaCorporate/Commercial Law
Hammurabi & Solomon Partners
Hammurabi & Solomon Partners
Article

Maharashtra Introduces A Dedicated Stamp Duty Regime For Bank And Financial Guarantees

The Maharashtra Stamp (Fourth Amendment) Act, 2026 introduces a new dedicated stamp duty framework for financial and bank guarantees in Schedule I of the Maharashtra Stamp Act, 1958. This amendment establishes differentiated duty rates based on guarantee value and type, addressing long-standing ambiguities in how such instruments were previously taxed under generic security bond provisions. The reform has significant implications for banks, NBFCs, and entities dealing with government contracts, though quest
IndiaFinance and Banking
Acuity Law
Acuity Law
Article

Buy-Backs: Changed Rules

SEBI has restored the open market buy-back route through stock exchanges effective August 1, 2026, after suspending it in April 2025. The amendment introduces significant changes including a fixed 66-working-day execution window, ISIN-level freeze on promoter shareholding, mandatory minimum public shareholding compliance, and makes merchant banker appointment discretionary while reallocating their functions among company officers and auditors.
IndiaFinance and Banking
Acuity Law
Acuity Law