How to Get Private Security Agency License for Business

1. 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 Online Application:

2. Visit the PSARA Portal: Access the official PSARA portal to initiate the online application process. Create an Account: Register yourself on the portal by providing the required information. Fill the Application Form: Complete the application form accurately and upload the necessary documents. Pay the Application Fee: Submit the prescribed application fee. Verification and Inspection: Document Verification: The licensing authority will verify the submitted documents. Physical Inspection: An inspection of your office premises may be conducted to assess its suitability. License Issuance: Approval and License Issuance: Upon successful verification and inspection, the licensing authority will issue the PSARA license. 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:

3. • 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. Checkout The Other Helpful Service: HEALTH TRADE LICENSE