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Reserve Bank of India has made Legal Entity Identifier (LEI) code mandatory for all market participants, other than individuals. ü The Legal Entity Identifier (LEI) is a global reference number that uniquely identifies every legal entity or structure that is party to a financial transaction, in any jurisdiction. ü Legal Entity Identifier India Ltd (LEIL) (only LOU of India), subsidiary of The Clearing Corporation of India Ltd, will assign LEIs to any legal identity including but not limited to all intermediary institutions, banks, mutual funds, partnership companies, trusts, holdings, special purpose vehicles, asset management companies and all other institutions being parties to financial transactions. ü LEI will be assigned on application from the legal entity and after due validation of data. For the organization, ü LEI will · Serve as a proof of identity for a financial entity · Help to abide by regulatory requirements · Facilitate transaction reporting to Trade Repositories Source: Legal Entity Identifier India ltd . ü LEI is a 20 character global reference number conceived by G20 that uniquely identifies every legal entity or structure that is party to a financial transaction, in any jurisdiction. ü Internationally LEI is implemented and maintained by Global Legal Entity Identifier Foundation.
As per the Indian Stamp Act, when an instrument is chargeable with ad valorem duty in respect of any stock or security, on what basis should the duty ge...
Which of the following new law replaces the IPC and the Evidence Act?
Any member shall be entitled to be furnished, within _____________ after he has made a request in that behalf to the company, and on payment of such fee...
What does the term facts in issue refer to under the Bharatiya Sakshya Adhiniyam?
Under the Registration Act the State Government may also appoint officers to be called _____________, and may prescribe the duties of such officers
As per the General Insurance Business (Nationalization) Act what are the various functions of a Corporation?
All securities held by a depository
When must all instruments chargeable with duty and executed by any person in India be stamped?
As per the provisions of the Stamp Act corporatisation and demutualisation schemes and related instruments _________________