In India, private security agency operations are governed by the Private Security Agencies (Regulation) Act (PSARA), passed in 2005. In India, operating a private security firm requires a PSARA license. These private security companies provide different enterprises around the nation with other protection services in addition to deploying experienced security personnel. The Private Security Agencies Regulation Act is the law that governs these security companies.
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What exactly are private security companies?
The agencies offering security services to various businesses, banks, ATMs, hospitals, etc., are private security agencies. These organisations also give the security guards engaged in these services training. To operate, a private security company needs a PSARA license.
Who is Eligible for a PSARA License?
An Organisation designated as a:
- Private Limited Company
- Partnership Limited Liability (LLP)
- One Person Company (OPC)
- Sole Proprietorship
The Directors, Officers, and Proprietors should also see to it that the following requirements are met:
- The candidate must reside in India.
- To be able to pay the costs of operations, the applicant must be financially stable.
- There should be no criminal history on the candidate.
Qualifications for Obtaining a PSARA License
To apply for a PSARA license, any private limited company, limited liability partnership, one-person business, sole proprietorship, or partnership firm may do so. All Indian citizens may also apply for a PSARA license, except for the following groups:
- Convicted of a crime related to a company’s marketing, creation, or management.
- Convicted of a crime that has a mandatory minimum two-year sentence for incarceration.
- Keeping associations with groups or illegal associations under the law because their actions threaten public safety or national security. Or, if it is believed that such groups or associations are involved in activities that endanger public safety or national security, it is also forbidden.
- A government employee has been fired or expelled for misconduct or moral turpitude.
How to Obtain a PSARA License in India?
Step 1: Gather the necessary documents.
Step 2: Agreement with a training facility recognized by the government.
Step 3: police verification.
Step 4: PSARA Application Filing.
PSARA License Validity
A PSARA License can only be used for five years after it is issued. However, this license is only valid for a year in Uttrakhand, Madhya Pradesh, and Chhattisgarh. The license may be readily renewed after it has expired.
Renewal of PSARA License
- With the required paperwork and money, one can renew a PSARA license by applying to the regulating authority at least 45 days before the license expires.
- In addition, the governing body will issue a license renewal order within 30 days of the application’s receipt date.
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