The Mumbai Private Security Agencies (Regulation) Rules, 2017, state that any person or company providing security services in the state of Maharashtra must have a PSARA or Maharashtra State Private Security Agency License. A private security service license must be filed for on a state-by-state basis, which implies that private security agencies in India must submit separate applications for each state. The state of Maharashtra requires a PSARA license in order to perform security business there. All Private Security Agencies in Mumbai find it difficult to obtain a PSARA License in Mumbai. In this article, we will discuss the complete process of a PSARA License in Mumbai.

What is PSARA License?

The Private Security Agencies Regulation Act, or PSARA for short, is a regulatory body that regulates the operations of Private Security Agencies (PSA) in India. The first step in launching a security services company is to obtain a PSARA license because it includes all the necessary prerequisites, from formation to disqualification. Thus, PSARA defends the interests of security firms that provide training and other services to security guards.

Requirements for PSARA License in Mumbai

The following are the important requirements for PSARA License in Mumbai:

According to the type of business organisation in Mumbai:

1.  Sole Proprietorship

2.  One-person Company;

3.  Limited Liability Company;

4.  Limited Liability Partnership

5.  Association of individuals;

6.  Firm in partnership;

Regarding a Principal Officer or Director’s responsibilities:

·         Indian citizenship is required;

·         Must be completely clear of any convictions;

·         A minimum age of 17 is required;

·         Must have the financial means to cover business expenses.

Regarding the role of a security guard:

·         Indian citizenship is required;

·         Must possess prior training;

·         Must possess all the desired physical qualities;

·         A person or person between the ages of 18 and 65;

·         Must never have their government service halted or terminated;

·         It is necessary to provide assurance of the person’s or an individual’s character.

Documents required for PSARA License in Mumbai

The following are the important documents required for PSARA License in Mumbai:

·         The Company Incorporation Certificate

·         Identity documentation for all directors and employees

·         Verification of your registered office’s address

·         A Memorandum of Association (MOA) was signed with a recognized training facility.

·         Records for the security guard

·         Your security agency’s logo

·         Registration for ESI and PF (Provident Fund)

·         Two images of the promoters

·         A character reference report for every employee

·         Certification of registration under the Shops and Establishments Act

·         A copy of each director’s ITR is also provided.

·         PAN card of the sponsors

·         Obtaining a registration from the service tax department

·         Certification in accordance with the Contractual Labor Act;

·         Attestation of the security education

·         Licensed by force

·         A PSARA-issued affidavit is a final option.

Procedure

The following are the procedure for PSARA License in Mumbai:

Step 1: Arrange all the important papers:

To ensure speedy and efficient processing of the application, which will, in turn, speed up the process of getting the PSARA License in Mumbai, the application’s essential documents must be organised and gathered appropriately. You will receive assistance from our professionals in assembling the necessary paperwork.

Step 2: Sign an agreement with a government-approved training institute

A crucial stage in this procedure is signing a Memorandum of Understanding with a training facility. In order to obtain this License, the applicant firm is required by the regulating Act to sign an MOU with a government-accredited training facility. The designated guard must be trained in line with PSARA Act by the training facility.

Step 3: PSARA Application Filing:

Once all of the aforementioned stages have been completed, the applicant must submit Form-I, an application for a PSARA License in Mumbai, to the Maharashtra Authority. The Application Form-II should also be enclosed by the applicant so that its antecedents can be verified. Form-I must be submitted with the affidavit in Form II.

Step 4: Police Verification:

The applicant must submit Application Form-I to the relevant police department in order to obtain NOC in this phase. The relevant Directors will need to go through police verification regardless of whether the organisation is a company or a partnership.

Step 5: PSARA License Issuance:

The Authority shall assess the application and then either proceed to issue the PSARA License in Form-IV or deny the same, as the case may be, if the application for PSARA is supported by a NOC/No Objection Certificate from the Police following verification done by the Police.

Penalty for not having PSARA License in Mumbai

According to PSARA, anyone found driving without a valid license faces up to a year in jail, a fine of up to 25,000 rupees, or a combination of the two. All private security agencies must therefore obtain licenses under the PSARA act 2005^[1] in order to operate across India.

Renewal of PSARA License in Mumbai

A PSARA license in Mumbai can be renewed by submitting an application to the governing body at least 45 days before the license expires, together with the necessary documentation and the necessary funds.

Additionally, within 30 days of the application’s receipt date, the regulating body will issue an order for the license renewal.

Conclusion

One may argue that having a PSARA License in Mumbai provides a Private Security Agency with a number of additional advantages. In order to start a security services company in Mumbai, you must receive a PSARA License. If you get in touch with Bizadvisors.io, we can assist you to get the license more rapidly. Additionally, our experts will provide you with all information regarding the PSARA License in Mumbai.

Read our article:A Step-by-Step Guide on PSARA License in Madhya Pradesh