How to Get Private Security Agency License For Business

Private Security Agency Regulation Act Overview

The Private Security Agency Regulation Act (PSARA) 2005 is a significant legislation in India that governs the operations of private security agencies. To operate a private security agency, you must obtain a PSARA license from the Central Licensing Authority (CLA) or the State Licensing Authority (SLA).

Steps to Get a PSARA License Online

Company Incorporation:

• Establish your business as a Limited Liability Partnership or Private Limited Company.
• Ensure your company's Memorandum of Association (MoA) and Articles of Association (AoA) clearly outline your intention to provide security services.

Fulfill Eligibility Criteria:

Minimum Net Worth: The company must have a minimum net worth of Rs. 1 crore.

Insurance Cover: Adequate insurance coverage is mandatory.

Qualified Personnel: Emploee qualified personnel, including security supervisors and guards, who have undergone necessary training.

List of PSARA License Documents 

• Company Incorporation Certificate
• MoA and AoA
• PAN Card
• TAN Number
• GST Registration Certificate
• Bank Account Details
• Office Address Proof
• NOC from Local Police
• Details of Directors and Shareholders
• Details of Qualified Personnel
• Insurance Policy

Timeline and Cost of PSARA License

The timeline and cost of obtaining a PSARA license online can vary depending on several factors, including the specific state, complexity of the application, and efficiency of the licensing authority. However, here's a general estimate:

Timeline:

• Document Preparation: 1-2 weeks

• Online Application Submission: 1-2 days

• Document Verification: 2-4 weeks

• Physical Inspection (if required): 1-2 weeks

• License Issuance: 2-4 weeks

Total Estimated Time: 2-3 months

Cost:

The cost of obtaining a PSARA license primarily comprises two components:

1. Government Fees:

• For One District: Rs. 5,000
• For Up to Five Districts: Rs. 10,000
• For More Than Five Districts: Rs. 25,000
•  For Entire State: Rs. 25,000

2. Professional Fees (Optional):

You might have to pay more if you decide to have a qualified consultant help you with the application procedure. Depending on the services rendered and the intricacy of the application, these costs may change.

Private Security Guard Agency

A private security guard agency is a business that offers security guards to safeguard assets, people, and property. These organisations employ, educate, and send out security personnel to different areas, including:

• Residential areas: Homes, apartments, and gated communities

• Commercial establishments: Offices, retail stores, and shopping malls

• Industrial facilities: Factories, warehouses, and construction sites

• Government buildings: Government offices and public institutions

• Events and functions: Concerts, conferences, and sporting events

Final Thoughts

For anyone hoping to launch a private security firm in India, obtaining a PSARA licence is an essential first step. You may guarantee legal compliance and launch a profitable security company by following the instructions in this blog post and carrying out the required steps.

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