The Reserve Bank of India has made the ‘Legal Entity Identifier’ (LEI) mandatory for cross-border transactions for capital or current account transactions worth Rs 50 crore and above. LEI is a 20-digit number used to uniquely identify parties to financial transactions worldwide to improve the quality and accuracy of financial data systemsThe Reserve Bank of India has made the ‘Legal Entity Identifier’ (LEI) mandatory for cross-border transactions for capital or current account transactions worth Rs 50 crore and above. LEI is a 20-digit number used to uniquely identify parties to financial transactions worldwide to improve the quality and accuracy of financial data systemstaxmann.com Latest Statutory HappeningsRead More
