Private Security Agencies Regulation Act, 2005 (PSARA) has been framed to regulate the Private Security Industry in India.The key operations of such businesses are regulated by the Private Security Agencies Act, 2005.
Before obtaining the PSARA License, the organization is required to know the procedure and benefits of the PSARA License in India.What is the PSARA License?As per the Private Security Agencies Regulation Act, 2005 no person can start or operate a private security agency business without obtaining the PSARA License Registration.
Only the Indian company, firm,or associations are qualified for the issuance of security agency license.
The following are the process of obtaining a security agency license in India.
Fulfil the pre-conditionsFirstly, the candidateneeds to fulfil all the pre obligatory conditions involving:PAN AllotmentGST RegistrationRegistration of the establishmentProvident Fund Organisation registrationEmployee State Insurance RegistrationRegistration under the Contractual labour Act File an application to the regulatory authorityAn applicant necessitates to make an application for gaining Psara License amongst the regulatory authority of the respective state along with the essential documents and certificates pertaining to registration.Application Review by the Authority:After receiving the application form, the applicant is further examined by the regulatory authority.
The authority inspects and formulates the decision either to grant or rejects the license, mentioning a valid reason.