Legal Entity: The Only Thing a Contract Can Actually Bind
A trade ticket, a loan agreement, a KYC form — all of them are signed by something the law recognises as a person, even though no human being is doing the signing.
A trade ticket, a loan agreement, a KYC form — all of them are signed by something the law recognises as a person, even though no human being is doing the signing. What a legal entity actually is, why RBI's CRILC and the ECB's AnaCredit exist to catch exactly the risk that hides when one is misidentified, what gets mistaken for a legal entity but isn't, and what an 'entity code' is actually checking, character by character — with paired Indian and international examples throughout.
Surya · 13 min read