Legal Entity Identifier applies to cross border transactions; FEMA governs debits or credits to non resident accounts in India. The Legal Entity Identifier (LEI) requirement applies where a transaction with a resident causes any debit from or credit to a non resident's account with an authorised dealer bank in India; such debits or credits are governed by the Foreign Exchange Management Act and the applicable circular provisions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Legal Entity Identifier applies to cross border transactions; FEMA governs debits or credits to non resident accounts in India.
The Legal Entity Identifier (LEI) requirement applies where a transaction with a resident causes any debit from or credit to a non resident's account with an authorised dealer bank in India; such debits or credits are governed by the Foreign Exchange Management Act and the applicable circular provisions.
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