Overview

Business ventures have increased their number of establishments, and thus, the need for personnel to secure them has also increased. However, there is a disparity. While there are many establishments that need security, they are not many who can provide it. Answering to this disparity, Honourable Home Minister Amit Shah launched the PSARA or Private Security Agencies Bill via which anyone who wants to start a security company can get the PSARA License.

What is PSARA?

PSARA is short for Private Security Agency Regulation Act. It’s an act that was introduced in 2018 with two goals in mind:

1. To ensure that the current security agencies engage in ethical business practices.; and
2. Provide a platform for new Private Security Agencies to arrive.

The result of the act was the mandatory requirement of the PSARA license. Controlled and overseen by the states, the applicant has to reach out to their respective states to get the PSARA License.

What the eligibility to acquire the PSARA License?

To get the PSARA License, you need to adhere to the following eligibility criteria:

1. The applicant must be an Indian resident
2. The applicant must be financially strong to be able to afford the operative costs.
3. There shouldn’t be any criminal record against the applicant.
4. The applicant can either be a private limited company, LLP, One Person Company, Sole Proprietorship, Partnership Firm.

There is another eligibility criteria related to the private security guard that works at the Private Security agencies. They are as follows:

1. The applicant must be an Indian resident
2. The applicant must not be older than 65 years of younger than 18 years of age.
3. The applicant must have gone through mandatory security training
4. The applicant shouldn’t have been involuntarily terminated from any government service.

Process of getting the PSARA License:

1. Training of the officials: First, the applicant must undergo specific training provided by PSARA.
2. Accumulation and organization of the documents: In this step, all the necessary documents are accumulated and certified by the right official.
3. Filing the PSARA License application: In this step, the application is filed by to the applicant to the regional PSARA body.
4. Assessment of the application: Once it receives the application, the regional PSARA body will assess your application.
5. Grant of License: If the assessment satisfies the regional PSARA body, you get the PSARA License.

Documents required for the PSARA License

Following are the documents required to obtain the PSARA License:

1. Certificate of incorporation / LLP agreement / partnership Agreement
2. Signed Memorandum of Association
3. ID proof of the security guards you’re employing
4. ID proof of the directors and shareholders of your security agency
5. PSARA affidavit
6. Logo of the agency
7. PAN details
8. Affidavit of the security training received by PSARA
9. Promoter’s photographs
10. IT returns of all the directors
11.  Character certificate of all the employees.

How can we help?

At Registrationwala, we take care of all the services related to PSARA License from start to finish. We:

1. Help you obtain the Affidavits from PSARA
2. File the application on your behalf
3. Conduct a follow up with your regional PSARA department
4. Timely deliver you the license after all the issues are sorted.

You can start the process to get the PSARA License today