PSARA License For Security Agency
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PSARA License is mandatory to start and run a Security Guard Agency business in India. Hence before supplying the security guards the private security agency should obtain PSARA License.
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We help you incorporate Companies in India at a reasonable fee and with complete transparency regarding the overall cost. Talk to our advisors to obtain an all-inclusive fee.
We are a professional consulting firm specialising in company registration, taxation, accounting, payroll, compliance, and intellectual property rights (IPR) services to assist new and existing businesses in India. We provide our professional services at a reasonable fee, explaining the eligibility, process, and documents required for setting up and maintaining a business. We also prepare and file necessary applications with relevant government agencies such as the Registrar of Companies (ROC) and the Income Tax Department. We do not directly provide government documents or represent ourselves as a government agency.
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Get PSARA License Online - Easy & Simple Process
Obtaining a PSARA license is mandatory to start or continue a private security agency in India. The requirement is mentioned under the Private Security Agencies Regulation Act of 2005. PSARA License is issued by the Controlling Authority of the respective state government under whose jurisdiction the agency falls.
At Setindiabiz, we have an experienced team of legal professionals to guide and assist you in filing the online application for PSARA license. We have explained the concept, legal provisions, eligibility conditions, documentation and stepwise process of obtaining PSARA license here. Feel free to contact us if you need to seek to know more or require any kind of consultation.
Key Features of PSARA License :
- Startups Seeking Investors
- With Multiple Co-Founders
- Lowest Tax Rates
- Ability to offer ESOP
- IRS Tax Problems
Private Security Agencies (Regulation) Act, 2005 (PSARA)
The Private Security Agencies (Regulation) Act, 2005 is a vital law in India to regulate private security agencies in India. It was enforced on the 14th of March 2006. The act is supported by the Private Security Agencies Central Model Rules, 2006, providing implementation guidelines. Each state designates an officer, not below the rank of Joint Secretary, as the controlling authority for private security agencies.
Psara License Validity : A PSARA License remains valid for five years from the date of issuance. To renew the license, agencies must apply 45 days before its expiry. If the license expires, a new license will have to be obtained by filing a fresh application. Compliance with the renewal provisions is crucial to avoid penalties, suspension, or revocation of the license.
Eligibility Criteria for PSARA License in India
The table below summarises the eligibility criterias for agencies and their key managerial persons to obtain a PSARA License in India. The criterias include educational qualifications, nationality, age, special qualifications, clean antecedents, and a sound financial standing. Applicants must fulfil these criteria to apply for a PSARA License and enhance the credibility of their private security agencies.
| Eligibility Requirement for Company | Director/Owner Eligibility |
|---|---|
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List of Documents For Company Registration
Two Colour Photographs of Promoters/Individuals/ Company/ Director
PAN Card of each Shareholders and directors
Identity Proof (Voter ID / Driving License/ Passport)
Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
Proof of Registered Office
Utility Bill as proof must be Latest
Stepwise Process of Obtaining Psara License
To operate legally in India, obtaining the PSARA license is a necessity. If you’re wondering how to apply PSARA Licence, here is an easy and simple step wise navigation of the process. These steps will ensure complete compliance with the PSARA Act, and ensure a smooth grant of PSARA license.
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Documentation
Making a digital signature (DSC) for directors/shareholders is the first step in Pvt Limited Company Registration. We are the Registration Authority (RA) of Certifying Authorities such as Emudhra, SignX, and others appointed by the Controller of Certifying Authorities of the Government of India. We help DSC applicants collect documents and submit DSC applications to obtain DSC.
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MOU With Training Institute
Making a digital signature (DSC) for directors/shareholders is the first step in Pvt Limited Company Registration. We are the Registration Authority (RA) of Certifying Authorities such as Emudhra, SignX, and others appointed by the Controller of Certifying Authorities of the Government of India. We help DSC applicants collect documents and submit DSC applications to obtain DSC.
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Application Filing
Making a digital signature (DSC) for directors/shareholders is the first step in Pvt Limited Company Registration. We are the Registration Authority (RA) of Certifying Authorities such as Emudhra, SignX, and others appointed by the Controller of Certifying Authorities of the Government of India. We help DSC applicants collect documents and submit DSC applications to obtain DSC.
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Antecedent Verification
Making a digital signature (DSC) for directors/shareholders is the first step in Pvt Limited Company Registration. We are the Registration Authority (RA) of Certifying Authorities such as Emudhra, SignX, and others appointed by the Controller of Certifying Authorities of the Government of India. We help DSC applicants collect documents and submit DSC applications to obtain DSC.
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Issue of PSARA License
Making a digital signature (DSC) for directors/shareholders is the first step in Pvt Limited Company Registration. We are the Registration Authority (RA) of Certifying Authorities such as Emudhra, SignX, and others appointed by the Controller of Certifying Authorities of the Government of India. We help DSC applicants collect documents and submit DSC applications to obtain DSC.
List of Documents For PSARA License Application
The table below outlines all the necessary documents required for PSARA license. Please ensure that all these documents are gathered and submitted in their specific formats to expedite the application process further. Note that the documents provided below are generically applicable to all applicants. If you want to know the specific requirements as per your jurisdiction, refer to our comprehensive guide.
| Documents of Company/LLP/Firm | Director/Owner Eligibility |
|---|---|
Basic Documents
Premises Related
Other Documents |
Basic Documents |
Other License that may be required
- Establishment’s photograph (exterior and Interior)
- Professional Tax Enrollment (PTEC) If applicable
- 3-Year ITR (5 years in the Case of Madhya Pradesh)
- EPFO Registration Certificate (if applicable)
- ESIC Registration Certificate (if applicable)
- GST Certificate (if obtained)
- Udyam Certificate (if obtained)
Psara License Cost and Timeline
The timeline for obtaining the PSARA License varies from state to state. Further, it is also subject to the completion of documentation and antecedent verification by the police. Predicting an exact duration is challenging. Typically it takes around 90-120 days from the date of filing to get the PSARA license. The application can be made for a district, five districts, or an entire state. However, for multiple states, different applications must be filed via different procedures.
The overall PSARA License Fee consists of three main components :
- Professional Fee : We offer a very reasonable fee structure for PSARA License. Please contact us to know an estimate for the online application of PSARA License.
- Cost of Training : Training the security guards and supervisors employed at your agency also adds up to your cost. Try signing an MOU with a cost-effective Security Training Institute.
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Governmen fee : The government fee for the PSARA License varies on the basis of the agency’s area of operation. Here are the different fee slabs:
- For One District: Rs. 5,000/-
- For Entire State: Rs. 25,000/-
- For Up to Five Districts: Rs. 10,000/--
- For More than Five Districts: Rs. 25,000/-
- Out - of - Pocket Expenses : Travelling and lodging expenses also have to be taken into account. Such expenses are frequent while following up the progress of the application through multiple government departments and police stations. The amount of these expenses depends on the specific merits of each case.
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- IRS Tax Problems
- Business Tax Consulting
- Tax Preparation and Planning
- Tax Payroll Services
- Bookkeeping and Virtual CFO
- Accounting Virtual Controller