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
Eligibility Criteria under PSARA in Madhya Pradesh
Eligibility criteria for organisations/ Principal Officers/Security guards
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Documents that are necessary to obtain a PSARA license in Madhya Pradesh
Important Forms that are required for PSARA License
The process involved in obtaining a PSARA license in Madhya Pradesh
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.
Form -1, i.e. all the details of the security agency, should be filed before the respective police authority for verification.
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.
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.