An Overview of PSARA License in Madhya Pradesh

Personal Security Agencies Regulation Act (PSARA) that instituted in 2005 by the Indian authority to limit security firms. The PSARA licence initiative act as a watchdog on the licensing of security firms. The need for personal security has increased significantly in recent decades due to the rapid growth in the number of organisations or commercial institutions. As a result, the rising trend of hiring security guards from private business establishments also increased. It is the biggest cause of the huge increase in the number of PSAs (private security agencies) across the country. The sizeable controlling portion is properly inspected after receiving an application and the relevant law enforcement authorities would issue a clearance after verification.

Advantages of PSARA license in Madhya Pradesh

• An entity with a PSARA license empowers the agency and attracts more customers.
• The company can avoid denial of rights and services to their customers
• Since the PSARA license is a government entrusted license, it helps to increase the business credibility of the agency.
• Securing this license ensures that the agency is compliant with the provisions of the law.

Eligibility Criteria under PSARA in Madhya Pradesh

Eligibility criteria for organisations/ Principal Officers/Security guards

• LLP / Partnership firms / Association of persons are eligible for a PSARA license
• The person applying for PSARA license must be an Indian national and must be above 18 years
• The person applying for license should have a clean record of legalities, and should not be convicted for any criminal offence.
• The person applying for license should not hold a record of bankruptcy and should be financially well off.
• The security officer applying for a PSARA license should be above 18 and below 65 years
• The security officer must provide a certificate about his conduct.
• The person applying for licenses should not be disqualified from any government service.

Documents that are necessary to obtain a PSARA license in Madhya Pradesh

• PAN card of the promoters
• Details of registration obtained from income tax department
• Certificate under the shop and establishment Act
• Affidavit for the security training
• ESI, provident fund certificate
• Certificate of Incorporation (address of the promoters)
• Signed memorandum of understanding for training
• Symbol and uniform of the agency
• Armed license detail, if required

Important Forms that are required for PSARA License

• Form I- It provides information and details related to the character and activities carried of the applicant.
• Form II- Information related to supervisors of the security guards
• Form III- Certificate related to the character and antecedents of the employees.
• Form IV- Certificate related to training.
• Form V- Application for the Renewal License or a new license for carrying out the business of a private security agency.
• Form VI- Engagement license to carry out the private security agency.
• Form VII- Appeal filing form.
• Form VIII- Particulars register.
• Form IX- Photo ID of the Security Guard and Supervisor.

The process involved in obtaining a PSARA license in Madhya Pradesh

Qualifying Documents

Collecting all the qualifying documents such as PAN card, TAN Number, and GST and verification of every document before applying for the license.

MOU with a training institute

Signing an MOU with a training institute that provides training to the security guards and supervisors.

Police verification

Form -1, i.e. all the details of the security agency, should be filed before the respective police authority for verification.

Application Submission

The PSARA application is will be processed only after receiving the NOC from the respective police authority. The PSA authority, based on the report, may either approve or reject the license.

Validity of PSARA license in Madhya Pradesh

Once the application is accepted, the license is provided and it is valid for a period of one year later. It is to be renewed for another five years before its expiry.

Corpbiz Support

In India, all the operations and activities of the various private security agencies come under the regulation of the Private Security Agencies (Regulation) Act, 2005 (PSARA). So to establish a private security agency PSARA license is a must. Getting a PSARA is a tedious process, at Corpbiz we provide a wide range of service from collecting your documents to getting NOC from the police all the support are provided till you get your PSARA license.