Following are the rules and regulation to run security services industry, as per the Private Security Agencies (Regulation) Act, 2005:-
- PSARA 2005 - The Government of India brought in the Private Security Agencies (Regulations) Act, 2005 to issue directions for regulation of the industry. No person can carry or commence the business of private security agency, without holding a license issued under this Act.
- Application Procedure - The application for grant of license to a private security agency has to be made to the Controlling Authority. The application procedure starts after the fee submission for a license.
- Eligibility criteria for license - A person will not be eligible for this license if he/she - has been convicted of company fraud, an offence for which the prescribed punishment is imprisonment of at least two years, has proven links with a banned organization, and has been dismissed from Government service on the ground of misconduct.
- Role of other Acts - The Payment of Wages Act, 1936, The Minimum Wages Act, 1948, The Contract Labour (Regulation and Abolition) Act, 1970, The employees’ Provident Funds and Miscellaneous Provisions Act, 1952, The Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979, Working Hours and Training are some of the other regulations that are relevant to this industry and mandatory also.
- Eligibility to be a private guard - Must be an Indian citizen and have completed eighteen years of age but not reached the age of sixty-five years or older, Physical Standards and police verification.