What is a PSARA License?
What are the Requirements for Getting a PSARA License?
- Type of Business: Any type of registered or unregistered business entity including Private Limited Company, Limited Liability Partnership, Partnership Firm, or Sole Proprietorship is eligible for being established as a Private Security Agency. If the applicant seeking to obtain the license is an individual, he must be an Indian Citizen with a clean legal and financial background.
- Appointment & Antecedent Verification of Key managerial Persons: The key managerial persons appointed to run the agency must be Indian Nationals, must display financial soundness and must not be a legal convict at the given point of time. They must hold a Special Training Certificate from a Recognized Security Training Institute in India.
Stepwise Process of PSARA License Application
Step 1: Gather Essential Documents
Step 2: Establish MOU with a Recognized Training Institute
Step 3: File the Application
Step 4: Antecedent Verification
Step 5: License Issue after Satisfactory Verification
Important Things to Keep in Mind for PSARA License Application Process
Q1: What types of agencies are eligible to apply for a PSARA license?
Private Limited Companies, Limited Liability Partnerships (LLPs), Partnership Firms, and Sole Proprietorships are eligible to apply for a PSARA license.
Q2: Is there a specific format for agency names while applying for the license?
Yes, while choosing a name for the security agency, it is important to avoid any implication of government patronage. The name should be suffixed with terms like “Security Services” or “Security Agency” to clearly indicate the nature of the business activity.
Q3: Can an individual with a criminal record apply for a PSARA license?
No, individuals associated with legal offenses related to company promotion, formation, or management, or offenses carrying a minimum imprisonment term of two years are not eligible to apply for a PSARA license.
Q4: Is there a provision for a single central license that covers all states in India?
No, there is no provision for a single central license covering all states. Private Security Agencies must apply separately for each state where they intend to operate.
Q5: Can a PSARA license be transferred or used in multiple states?
No, the PSARA license obtained in one state cannot be transferred or used to operate in other states. Private Security Agencies must apply for a separate license in each state where they wish to offer their services. However, as per a recent circular, once the licensee has obtained a special qualification certificate from a recognized training institute in one state, they do not need to redo the training when applying for a license in other states, streamlining the process for multi-state operations.