PASARA licenses streamline business operations in India by simplifying approvals and clearances. This allows companies to set up and operate more efficiently, reducing administrative burdens and expediting market entry. PASARA reforms are particularly attractive for businesses in sectors like IT, manufacturing, and food processing.
The private security agency business is governed by PASARA Act, 2005. Every Private security agency providing security services including training of security guards is required to obtain PASARA license. After obtaining the license, the licensee shall commence operations within six months of obtaining a license.
The validity of PASARA license is 5 years and can be further renewed for the next 5 years on payment of the prescribed fee.
Rajesh M & Company is a Hyderabad-based Chartered Accountants’ firm providing Auditing, Accounting, Registration, Taxation and other Financial Services.
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