Looking Back, Did Getting a Private Security Agency License Make Sense?

If you are a founder of a business or a private security agency, then ensuring that what things make sense for your business, or what not? Especially in a private security agency license, things become sensitive. So, ensuring that what makes sense and what does not becomes important.

So, with this article, you will learn whether getting a security agency license makes sense in your business.

If your security agency is a startup, or we can say that if your security agency is facing issues with regulations and standards. Then the security agency license surely becomes a great choice for your business, or it makes sense. In terms of making a good image and reputation in the market of your security agency, the PSARA license surely makes sense.

PSARA license or security agency license mainly provides several advantages for your company. So, it also becomes your responsibility to recognise whether your agency really requires those benefits or not. Thus, if your agency requires those benefits, then in that case, the PSARA registration surely makes sense in your security company. Don’t waste time contemplating whether a security agency license makes sense or not; learn more briefly about this with this blog.

Firstly, Know What a Private Security Agency License Is

Learn about the private security agency license, after which you automatically learn why this license makes sense in your agency.

The security agency license, or PSARA compliance journey, is a mandatory legal permit in India for operating a private security agency. The government provides this for checking that security agencies are meeting standards for checks on records, professionalism, and training. Also includes legitimacy & trust, access to government tenders,  legal authorisation, enhanced client confidence, and structured operations.

Thus, due to these reasons government mandates a security agency license for many types of security agencies. And it is provided or mandated under the PSARA Act, 2005. So, learn about the detailed benefits of this PSARA license with the points given below:

• Legal Compliance & Legitimacy – The main benefits of this security agency license are that it ensures that the agency is operating or working under the rules or not. This helps agencies by avoiding their fines, shutdowns of businesses and legal problems.
• Enhanced Credibility & Trust – Also, the PSARA license brings professionalism to a security agency. Building confidence among clients and customers of a security agency. Because it shows them that the agency is adhering to standards and police verification.
• Increased Business Opportunities – For many security agencies, this PSARA license is also important for bidding on lucrative government contracts. And also for attracting broader private sector clients. As a result, it establishes a positive reputation for security among these investors.
• Mandatory Training & Standards – PSARA standards also ensure that all of your guards are fully instructed by a recognised training facility. By which it improves the quality of service and Industry accountability of personnel. 
• Employee Welfare & Motivation – Also, through PSARA standards, if a security agency starts working under a legal framework encourages compliance with labour laws. Then it directly boosts the morale of employees, as they are working under regulations. 
• Smooth, Structured Operations – It also provides the security agency a framework for ethical conduct, efficient functioning, and clear supervisory roles. Due to this, it surely makes some sense for a security agency. 
• Business Expansion – The security agency license also facilitates legally expanding services across different states. Because this license is a state-specific license and different from other states.

What Caught Us Off Guard in the Security Company Registration Process

What is the Process of getting a PSARA license? Is it Hard?

Learn about the steps by which you can get your PSARA license for your company. And does the process of a security agency license really make sense for your security agency?

Therefore, mainly in terms of getting the PSARA license. Firstly, you have to register your agency, then sign a Memorandum of Understanding (MOU) with a training institute. After that, gather important documents, then apply to the state authority, undergoing police verification of directors and the agency. And finally, you get your security agency license after successful verification.

Thus, these are the procedures that you can follow to get your security agency license. Now, learn more briefly about these steps of getting your PSARA license:

Business Registration & Foundation

• Firstly, you have to register your security agency in the form of Pvt Ltd, LLP, or OPC. Then, gather or collect essential registrations like GST, PF, ESIC, and Shops & Establishment. 

MOU with Training Institute

• Then you have to partner with a government-certified training institute for your guards. That makes your guards more trained and reliable.

Document Preparation

• After which, you have to prepare or collect some important documents. Such as docs, PAN, GST, address proof, logo, and uniform details. Also with ID proofs (Aadhar, PAN), address proof, photos, character certificates, and ITRs. 

Application and verification

• Then, after that, you have to submit your application to the state’s controlling authority. And your application goes for police verification for all founders and key employees. Then, if any issues are not found, A No Objection Certificate will be issued by the police. (NOC). 

License Grant 

• Finally, when all the steps and verifications are successfully done, the PSARA license is issued by the authority, typically valid for 5 years. 

What Are the Unexpected Challenges After Getting the License?

Now, take a look at some challenges with the security agency license. Is your agency prepared to take on these challenges?. 

Thus, after obtaining a PSARA license, business founders start facing issues such as strict ongoing compliance, like mandatory guard training within 6 months and supervisor appointments within 60 days. Also, navigating complex, state-specific rules for multi-state operations, dealing with continuous police verification, and managing document accuracy. 

Thus, these are the challenges that many security agencies face after getting their PSARA license or security agency licenses. Learn more briefly about these challenges with the points given below:

PSARA Certification Makes Sense for Your Agency by LegalRaasta

No matter what type of legal assistance you require—business start-ups and new Companies, Operations being managed or manufacturing operations. LegalRaasta has the capabilities to help your business grow. While we do offer services such as a PSARA Certificate, we will take care of the financial aspects of your company so that you can focus on what is important. It can be difficult to find someone who understands the complexities of the marketplace, but we will provide you with professionals to keep you stable during uncertain times.

We specialise in more than solely performing calculations, 

Want to apply for:

PSARA certification? Want to register your business or create an LLP? Are you looking into registering an NBFC? All this and much, much more—you name it, we do it. Everything you need, including legal, compliance and financial services, is provided from one location—with us.