Is it mandatory to obtain and validate the LEI of the non-resident counterparty as well? Does the stipulation of reporting LEI for all transactions of an entity, irrespective of transaction size, once the entity has obtained an LEI number apply for non-residents as well?

Is it mandatory to obtain and validate the LEI of the non-resident counterparty as well? Does the stipulation of reporting LEI for all transactions of an entity, irrespective of transaction size, once the entity has obtained an LEI number apply for non-residents as well? https://www.taxtmi.com/manuals?id=5950 Requirement to obtain and validate the Legal Entity Identifier (LEI) for non resident counterparties is to be addressed by authorised dealer banks, which should follow the instructions in paragraph 2 of the circular to determine whether and how the LEI of an overseas counterparty must be captured and reported. en-us Wed, 27 Nov 2024 13:09:00 +0530 Wed, 27 Nov 2024 13:09:00 +0530 TaxTMI RSS Generator Is it mandatory to obtain and validate the LEI of the non-resident counterparty as well? Does the stipulation of reporting LEI for all transactions of an entity, irrespective of transaction size, once the entity has obtained an LEI number apply for non-residents as well? https://www.taxtmi.com/manuals?id=5950 Requirement to obtain and validate the Legal Entity Identifier (LEI) for non resident counterparties is to be addressed by authorised dealer banks, which should follow the instructions in paragraph 2 of the circular to determine whether and how the LEI of an overseas counterparty must be captured and reported. Manuals FEMA Wed, 27 Nov 2024 13:09:00 +0530 https://www.taxtmi.com/manuals?id=5950