How to Register a Private Security Company in India
Welcome to our blog, How to Register a Private Security Company in India involves compliance with the Private Security Agencies (Regulation) Act, 2005 (PSARA). Start by selecting a business structure (proprietorship, partnership, private limited company, or LLP) and registering it with the Ministry of Corporate Affairs. Obtain a PSARA license by meeting eligibility requirements, preparing necessary documents (incorporation certificates, MOA, AOA, and employee details), and affiliating with a PSARA-approved training facility. Submit the application to the state authority, undergo inspections, and secure the license, valid for five years. Additionally, complete GST, ESIC, EPFO, and professional tax registrations. Recruit and train qualified personnel in compliance with labor laws and PSARA standards. Promote your services through a professional website and digital strategies while maintaining timely renewals and regulatory compliance. With strategic planning and adherence to regulations, you can establish a successful security business in India’s growing market.
Key Guidelines for Registering a Company
1. Choose Your Business Type:
Decide on the type of business you want to start. Options include a Private Limited Company for startups and growth, a Public Limited Company for larger businesses needing public funding, One Person Company (OPC) for single owners, LLP (Limited Liability Partnership) for partnerships with liability protection, Sole Proprietorship for solo businesses, or a Partnership Firm for shared responsibilities.
2. Pick a Unique Name:
Choose a unique name that isn’t already in use or trademarked. Add a suffix like “Private Limited” or “LLP” based on your business type, and reserve the name on the MCA portal.
3. Collect the Necessary Documents:
Gather important documents like PAN, Aadhaar, and address proof for directors; lease or ownership papers and a utility bill for your office; and MOA (Memorandum of Association) and AOA (Articles of Association) for your company.
4. Get Digital Signatures:
All directors and shareholders need a Digital Signature Certificate (DSC) to sign documents online. You can get this from approved agencies.
5. Apply for DIN:
Each director needs a Director Identification Number (DIN), which can be applied for on the MCA portal.
6. Submit the Incorporation Form:
Fill out the SPICe+ Form on the MCA website to register your company, get PAN and TAN, and optionally apply for GST registration. This process also includes name approval.
7. Declare Your Authorized Capital:
Decide how much money your company can raise through shares. While there’s no minimum requirement, you’ll pay a stamp duty based on the amount you declare.
8. Follow Post-Registration Rules:
Keep proper records of your finances and company activities, file yearly returns with the government, hold regular meetings, and file taxes like GST if required.
9. Check for Special Licenses:
Some businesses may need specific licenses, such as an FSSAI license for food-related businesses, SEBI registration for financial services, or environmental clearances for certain industries.
10. Stay Compliant:
To avoid penalties or other issues, make sure you follow all rules, meet deadlines, and keep proper records. Staying updated on regulations will help keep your business running smoothly.
Key Criteria for Company Registration Success
Private Security Company in India you need to meet certain rules under the Companies Act, 2013. First, choose the type of company you want to set up: a Private Limited Company (at least 2 directors and 2 shareholders), Public Limited Company (at least 3 directors and 7 shareholders), One Person Company (OPC, where one Indian resident is the director and shareholder), Limited Liability Partnership (LLP, at least 2 partners), Partnership Firm (minimum 2 partners), or Sole Proprietorship (a single owner). At least one director must be a resident of India, staying for 182 days or more in a year, and all directors need a unique Director Identification Number (DIN). Shareholders can be individuals, companies, or foreign nationals, based on FDI rules.
The company’s name must be unique and follow government rules, with suffixes like Private Limited or Limited based on the type. You also need a registered office in India with valid address proof, such as a utility bill or rent agreement. There’s no minimum capital required, but you must declare the maximum capital (authorized capital) your company can raise. Important documents include PAN and Aadhaar cards (or passport for foreign nationals), address proof for directors and shareholders, registered office proof, and the Memorandum of Association (MOA) and Articles of Association (AOA).
Directors and shareholders must get a Digital Signature Certificate (DSC) to sign forms online. You also need to register for PAN, TAN, and GST (if applicable). Depending on the business type, specific licenses may be needed, like an FSSAI license for food businesses or environmental clearances for factories. Following these steps ensures that your company registration is smooth and legally valid. If you need help, feel free to contact us!
Documents Needed for Pvt Ltd Company Registration
Following Documents Required for Pvt Ltd Company Registration
- PAN card of all directors and shareholders
- Aadhaar card, voter ID, driving license, or passport (any one as ID proof)
- Passport-sized photographs of directors and shareholders
- Bank statement or passbook of directors
- Mobile number
- Email ID
- Latest electricity bill or telephone bill for the registered office address
Affordable Packages for Private Limited Company Registration
- Company registration with MOA and AOA preparation
- Name reservation fees and government charges
- PAN and TAN application
- PF and ESIC registration
- MSME registration
- DIN and digital signatures for two directors
- Assistance with bank account opening
- Share certificate issuance
- Filing of INC-20A for business commencement
- Filing of ADT-1 for auditor appointment
How to Start Your Private Limited Company in 3 Days
Choose a name that meets MCA rules and isn’t used or trademarked. Gather ID and address proofs for directors and shareholders, office address proof, DSC, and DIN.
Directors sign a declaration of compliance. If renting, get an NOC from the landlord. Draft and sign the MoA (company’s purpose) and AoA (rules for operations).
Submit the SPICe+ form on the MCA portal with all documents. After approval, receive your Registration Certificate, PAN, TAN, ESIC, and PF registrations.
With your Registration certificate, open a business bank account in your company’s name. This account will handle all company transactions.
