Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
PSARA Act stands for Private Security Agencies Regulation Act, 2005. The Act regulates all the activities that the private security agencies perform. As per Section 4 of the Act, persons or private security agencies must obtain a PSARA license to carry out private security business. PSARA License is issued by the state Controlling Authority. The License can be obtained by any company, LLP, a partnership firm. With the increase in the economy, it is essential to ensure that internal security and private security are considered viable alternative to traditional police performing non-critical functions. However, the Authority, on any violation or non-compliance of the PSARA Act provisions, the Authority can order for Suspension or cancellation of PSARA license.
Table of Contents
The Controlling Authority can do suspension and cancellation of PSARA License under Section 13(1) of the Act on the following grounds:
The Controlling Authority can order for cancellation of PSARA License after giving reasons in writing. The Authority can also order for suspension of PSARA License for not more than 30 days. The license holder has to explain so as to why his/her suspension should not be extened till the determination of whether his/her licence be cancelled within fifteen days from the date of issue of the suspension order.
The Controlling Authority has to specify the reasons for suspension or cancellation of PSARA License in writing, and a copy of such order must be given to the affected person.
The concerned person must be given a reasonable opportunity of being heard by the Controlling Authority.
The following conditions must be fulfilled upon License cancellation:
An aggrieved person by the suspension or cancellation of the PSARA License by the Controlling Authority has two remedies in the form of appeal.
These are:
Appeal made under sub-section (1) of Section 13 of the Act must be made in a prescribed manner accompanied with a copy of the order. The State Government must give the appellant a reasonable opportunity of being heard.
MHA, after due consultation with all the Government and industry factions/ participants, all categories to be created and security establishments/ duties are classified therein.
Thus, the Authority, on any violation or non-compliance of the PSRA Act provisions, can suspend or cancel the said License. The authority can revoke the license of the applicant. However, the applicant can appeal the grounds of cancellation of PSARA license.
Read our article: An Overview on PSARA License Renewal and Penalties
With the rising inflation rates and various other economic factors, wealthy Americans are incre...
Before approaching the new suppliers or any other third parties, you should always go for the v...
With the increasing landscape of Fintech Companies, it is increasingly vital that fintech compl...
This blog gives a detailed description through an audit report for industrial waste by examinin...
On 1st March 2024, the IRDAI came up with a notification via F. No. IRDAI/Reg/5/199/2024 for Bi...
Are you human?: 4 + 1 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Private Security Agencies Regulations Act also known as PSARA is the regulatory act for private security agencies o...
06 Sep, 2022
Private Security Agencies Regulation Act, 2005 regulates the Private Security Industry in India. In order to start...
15 Feb, 2021
Chat on Whatsapp
Hey I'm Suman. Let's Talk!