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PSARA Registration
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PSARA Registration - An Overview
PSARA or Private Security Agencies Regulation Act is an act which was enacted in the year 2005 for regulating the Private Security Agencies. With increase in the number of businesses and modernisation of life style in the recent year the need for security has also shifted upward and we can witness and enormous increase in number of application for PSARA License.
Security Guards can normally be seen everywhere be it bank, schools, institutions, ATMs across the country. The increase in requirements of private security is also creating opportunities for employment and with the increase in importance there comes the requirement of regulating and thus government work as a nodal for providing licensing and at the same times ensures that highest level of compliance of standards are done with .
Benefits of PSARA License
Generation of employment
Confidence and trust to customers
Smooth Functioning of Business
Security to Stakeholders
More Professional Conduct
Eligibility criteria for Business entity
- Sole Proprietorship
- Private Limited Company
- Limited Liability Partnership
- Partnership Business
- One Person Company
Who can become the Principal Officer / Director?
- Individual should be Indian National.
- The Individual should not be minor.
- Should be financially sound enough to cater the business.
- Should have no criminal background or should have clear track record.
Who can be Security Guard?
Individual should be medically fit and sound.
Should not be minor or not more than 65 years of age.
Should be well trained with authorised training agency.
Should have no criminal background or should have clear track record.
Documents necessary for obtaing PSARA License
The requirement of Documents entirely depends on the mode of entity which is applying for the license.
- PAN and GST Registration certificate
- PF Registration and ESIC Registration
- Copies of Income Tax Returns of Directors
- Affidavit u/s 7 (2) of PASARA , 2005
- Agency office Proof
- Certificate of Incorporation
- Passport size photo and Pan of Directors
- Details and KYC of Principal officers
- Signed MOU of training institute and entity
Steps Involved in getting PASARA License
