Private Security Agencies (Regulation) Act, 2005 (PSARA): An Overview
The business realm is India is expanding every passing day due to the ever-strengthening economy. Today, most cities boast lavish restaurants, advanced production facilities, and cutting-edge healthcare systems, and state-of-art commercial establishments, allowing citizens to live a better lifestyle.
The uptight security of these avenues is paramount to avert any nuisance. While there are formidable crime control measures to keep illicit elements at bay, 100% prevention is still not possible. This ever-deepening gap led to the birth of the Private Security Agencies (Regulation) Act 2005.
The Act holistically undermines the security loopholes and provides for comprehensive crime prevention via private security agencies. PSARA Act 2005 encompasses every aspect of private security agencies, including their registration, operational requirements, workforce hiring, training, etc.
PSARA License in India: Mandatory Paperwork
Securing a PSARA License also requires arranging mandatory paperwork. These documents are as follow:
- Income Tax Returns of Directors
- Provident Fund (PF) Registration
- Certificate of Incorporation
- PAN Card
- Employees State Insurance (ESI) Registration
- Address proof of the Registered Office
- GST Registration Certificate
- Contractual Labour Act registration letter
- Shops & Establishment Act Registration
Eligibility Criteria for Securing PSARA License in India
PSARA License serves as a must-have legal certificate for pursing the private security business in India. This registration falls under the PSARA Act, 2005, enacted by the Department of Internal Security of the MHA, GOI. Becoming aware of this license's eligibility criteria is vital before you apply. Here are the legal requirements you must satisfy without fail:
- The applicant should be an Indian and must have attained the legal age.
- The applicant must have ample funding in place to address business expenses.
- The applicant's legal background should be clean, with no cases concerning legal offenses.
Adviso’s process of securing PSARA License: 4-Steps Guide
The Procedure for securing a PSARA License entails various complicated steps. Therefore, getting in touch with an experienced PSARA consultancy service provider such as Adviso is vital to keep things transparent and uncomplicated. Anyway, the steps for securing PSARA registration are as follows:
Step 1: Arrnage the mandatory documents
In this step, we will arrange the mandatory paperwork as cited in the above section. We make sure that all paperwork are free from error and contain legitimate information
Step 2: Sign a Memorandum of Understanding
In this step, we will contact the government training institute and help you sign a Memorandum of Understanding. The MoU will serve as legal consent for training the security guards and supervisors.
Step 3: Police Verification
After submitting the application form, our expert will contact the local police department to complete the verification formalities. Verification serves as a means to inspect and authorize the directors and authorized signatories of the security agency.
Step 4: Application filing
Post police verification, we will visit the concerned authority to file the online application concerning the PSARA license. Authority, after vetting the process, shall grant the certificate to set up the private security agency.
Why Choose Adviso for PSARA license consultancy?
Adviso has been at the forefront of licensing realm for years. We are well-versed in legalities and compliance requirements associated with different government approvals and certificates, including the PSARA license. Our professionals have profound expertise in pinpointing regulatory requirements for diverse business types, leading expedited application processes and authorization.
Here’s what you can expect from Adviso
- Better clarity on the legal settings depending on the business type
- 100% adherence to the underlying legalities while filing the application
- Expeditious clearance from the concerned police department
- Seamless and error-free arrangement of paperwork
- Swift delivery of license no matter the complications.
