PSARA License - Process and Benefits

   2020-10-15       19        Business
Rating :
Private Security Agencies Regulation Act, 2005 (PSARA) has been framed to regulate the Private Security Industry in India.

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. Consequently, PSARA License is significant for beginning a security business in India. 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.

 

1.      Fulfil the pre-conditions

Firstly, the candidateneeds to fulfil all the pre obligatory conditions involving:

·         PAN Allotment

·         GST Registration

·         Registration of the establishment

·         Provident Fund Organisation registration

Author Signature :


Conclusion:

PSARA Act has made it essential for the private security agencies to geta security license before commencing their activities. One has to follow up with a definite process to get the license. Most importantly, the PSARA license service procedure can vary from state to state.The process comprises the application submission along with the essential documents and registration certificates. For accelerate the PSARA license process, one can consult PSARA license consultant.


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Devesh Singh

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