PSARA stands for Private Security Agency Regulation Act 2005 which came into force on 15 March 2006. The foremost purpose of the PSARA Act is to provide a safety services with adding the security guards training. This Act suggest that the security agency which are private in nature will not launch or start a business as well as it may not provide a security guard according to the license of PSARA Act. According to PSARA Act the companies which have private security agencies are desired to appoint supervisors. They are essential plus responsible for all the work of the security guards.
The PSARA Act basically deals with the authority as well as health circumstance of the security guards. The arrival of this Act made the license mandatory for carrying on business of private security agency. According to Act 29 of 2005 “The Private Security Agencies Regulation Bill” should been passed by both the Houses of Parliament received the assent of President on 23rd June, 2005. It came on the Statue Book as THE PRIVATE SECURITY AGENCIES (REGULATION) ACT, 2005 (29 of 2005). The PSARA Act, 2005 is the reason for establishment of this Act.
As time changed there is increase in number of business establishments due to it the demand for social security is rapidly increasing and this can be the prior reason for establishment of The PSARA Act, 2005. The Private Security Agencies helped in providing the security needs of the business. The Union Government is accountable for the regulation and functioning of these private security agencies. There are certain Private Multi-national security agencies which have been established their branches in the country. Controlling Authority means the controlling Authority appointed under sub section (1) of section 3.
It can be also define in the bare act were Private Security means security provided by a person other than a public servant to protect or guard any person or property or both and includes provision of armoured car service. Private Security Guard means a person providing private security with or without arms to another person or property or both which also includes a superintendent.
Private Security Agency refers to a person or a body other than a government agency department or organization engaged in the business which aims to provide private security services including the training and development of private security guards or their supervisor as well as providing Private Security Guards to any industrial or business undertaking or a company or any other person or property.
The State Government shall by notification designate an officer not below the rank of a Joint Secretary in the Home Department of the State or an equivalent Officer to be the controlling Authority, for the purpose of this Act.
The Private Security Agencies Regulation Act is extends to whole of India except the State of Jammu and Kashmir. The PSARA Act 2005 is one of the most vital Acts for the country.
This Act is considered mandatory for a private security business in India. Under this Act it was mentioned that the security agency which are private in nature will not commence or start a business and may not provide a security guard according to the license of PSARA Act. The Private Security provided by a person other than a public servant to protect or guard any person or property or both and includes provision of armored car service. The Private Security Agencies are controlled by the Private Security Agency Regulation Act, 2005 and to commence any business the security agency has to obtain the license from the State Controlling Authority. The PSARA Act shall be operating in one or more district of one state.
Under this Act any individual of a partnership firm and private company will become eligible for making the application of PSARA License. The verification of the applicant is requisite to be an Indian and also having a financial standing. In the Private Security Agencies Regulation Act License is valid for five years and then it have to re-establish over again for next five years in installments. The eligibility to obtain PSARA License is prescribed under the PSARA License Act 2005. The following are some important factors for receiving the PSARA License:-
1. Sole Proprietorship
2. Partnership Firm
3. One Person Company
4. Private Limited Company
All the above mentioned business entity can file their application to the concerned authority of the State. Therefore the PSARA License Act is very important factor for providing the License to the business. No person shall carry on or commence the business or private security agency, unless he holds a license issued under this Act and this can be mentioned in the Bare Act of PSARA (Private Security Agency Regulation Act) 2005.