PSARA License

With the increase in the crime rate, the increase in registering Private Security Agency (PSA) has increased. Private Security Agency Services (PSA) provide the services of armed and unarmed security guards for protection. PSA helps in security of the world by providing services like patrol services, bodyguard, guard dog, parking security etc. Private security agencies can provide security services to private and government companies, restaurant, guesthouses and hotels, housing societies, private bungalows etc. The PSAs are registered and regulated under Private Security Regulation Act, 2005 (PSARA).

PSARA license is mandatory license required by all PSA before starting their business or before commencing their operation. Without obtaining this license, no PSA can provide their guards to any entity or any corporate office. The Private Security Agencies acts as an equivalent to the police in terms of providing the security to the society. Private Security Agencies Regulation Act, 2005 (PSARA) regulates the operations of PSAs.

There is something unique that every business wants. Although one cannot deny or ignore the requirement of the security services, but registering such entity also require new strategies and plans to operate it. Stepping into new business may seem to be a nail-biting task but with proper planning one can sail even through the competition in the industry. This perfect planning involves the focus on the modern-day security needs and their strategies accordingly. Mentioned points can help into this -

• Determining the Type of Security

This is the most crucial part as it will decide which sector needs what type of service and which you wish to offer. Pick such type of service that doesn’t require ample amount of funds and resources and which fits well with the social and economic goals.

• Appropriate Business Model

One can acquire an established security agency and provide the perks to customer with already established reputation. One can even purchase a franchise.

• Apply for PSARA License

PSARA is the important and mandatory license to apply before starting its operations.   

• Financial Planning

One also has to make proper planning to meet financial goals. So that there won’t be any unnecessary expenses. It also important to plan and assign the responsibilities in advance. A good business plan always helps to follow the correct path in tough situations with going down on the profit scale by giving a clear picture of the road-map that is required to follow for establishing the company.

• Make a Unique Business Plan and Advertising

To fulfil the vision of business expansion it’s very important to plan everything efficiently. This can be done by creating a website or by advertising them in newspapers or pamphlets with the written detailed description of the company, products &services.

• Trademark Company’s Logo and Brand

Creating a brand and establishing it in the market is equally important. It’s also important to protect it from getting misused by any other entity. In order to do so, the logo or the brand name needs to be trademarked. A logo and brand name is considered as the identity of the company which ultimately attracts the customer’s interest. The logo also establishes the authenticity to a brand and describes its functionality by forming a public image of a company.

• Create a Website for Your Business

In the today’s world where everyone relies upon the internet, it become more important to create a website. It is one of the best ways to gain potential customers from different locations as well. It is important now to make an authentic website for the promotion of the company. 

• Call for Investment from Investors

Funds is the need and the backbone of every business as no one can run or operate a business without sufficient funds. All the planning fails if there isn’t enough capital to implement the plan. The funds can always be arranged by attracting investors. One can also opt for the secure financial institutes like banks to borrow funds for the business.

• PAN of the company
• Incorporation documents
• GST registration
• Shops & Establishment Registration Certificate
• PF and ESI registration
• Labour Act Registration
• Character certificate of employees.
• Proof of ownership proof of business place
• Identity card of employees
• Details of armed licenses
• Uniform photo
• Logo of security agency
• MOU training

• Filing of application
• Get MOU from Training Institute
• Police Verification
• Scrutiny of the Documents
• PSARA license issued

Collecting all Documents

Assemble documents like PAN, TAN, GST, PF, ESI, Incorporation certificates, Shops and Establishment Registration, ITR etc. for the filing procedure.

MOU With a Training Institute

The entity is required to go for a Memorandum of Understanding (MOU) with a training institute/organization approved by the state controlling jurisdiction. This is required for the training to the security guards.

Police Verification 

Police verification is recorded in Form – I.

Application Filing 

Application is submitted to the PSARA authority which will get scrutinized by officials and receipt of the NOC is granted by Police specialists. The PSARA authority has a right to approve the license or reject it with an explanation.

Timeline for Issue of PSARA

It can take up to 60 days to get approval from the date of documentation of the PSARA application. An application can be applied for a district or for five districts or for the entire state.

Final Thought

Serving for society by providing them security is an ideal thought. For enrolling as a Private Security Agency to serve as a contributor of safeguarding the nation requires only few approvals. By registering themselves as a PSA can help one by destroying the crime rate in India thereby making it a safer place to live.

Start your Private Security Agency today and register under PSARA to get the license. You can always contact and rely on Corpseed for registration.