Paragraph 5.2.13 PRIVATE SECURITY AGENCIES % of Equity/ Entry Route
- Text as on
- As issued 15 October 2020; Press Notes since are not applied
5.2.13 PRIVATE SECURITY AGENCIES % of Equity/ Entry Route FDI Cap Sector/Activity 74% Automatic up to Private Security Agencies 49%
Government
route beyond 49% and up to
74%
5.2.13.1 OTHER CONDITIONS
(1) FDI in Private Security Agencies is subject to compliance with Private Security Agencies (Regulation) (PSAR) Act, 2005, as amended from time to time.
(2) For the purposes of FDI policy on the sector, terms “Private Security Agencies”, “Private Security” and “Armoured Car Service” will have the same meaning as provided under PSAR Act, 2005, which is reproduced as under: "Private Security Agency" means a person or body of persons other than a government agency, department or organisation engaged in the business of providing private security services including training to private security guards or their supervisor or providing private security guards to any industrial or business undertaking or a company or any other person or property;
"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;
"Armoured Car Service" means the service provided by deployment of armed guards along with armoured car and such other related services which may be notified by the Central Government or as the case may be, the State Government from time to time.