Under mentioned brief information is the pre-requisite for the incorporation/registration of Private Security Company in Pakistan.There are certain businesses before commencing in Pakistan as per law are required to take prior permission from the concerned departments. As such a company which will be providing security services, permission from Interior Ministry is mandatory.
Private Security Companies in Pakistan are operating under an administrative order issued by the Ministry of interior in 1988.
Private Security Companies are required to be register themselves with the Securities & Exchange Commission of Pakistan i.e. SECP under the Companies Ordinance, 1984.
Individuals /group of individuals who intend to establish a private security company may approach the Security and Exchange Commission of Pakistan at Islamabad / Provincial capitals. After meeting the formalities which are required by law for the incorporation of the company Securities & Exchange Commission will register the company.
After registration, nine complete sets of documents are sent by the Securities & Exchange Commission to Ministry of interior for grant of NOC, along with the bio data of subscribers, four attested photographs of each subscribers and financial position / bank statement of the subscribers (Aggregate wealth should not be less than 1.5 million at least). The process of issuance of NOC by Ministry of Interior normally takes three to four months, it can also be extended.
For operation in the Province the company is required to approach the concerned Home Secretary for grant of license for operation in the respective jurisdiction.
The affairs of the Private Security Companies are regulated as per Ordinance and rules framed by the Provinces. The Private Security Companies shall function in the Provinces under Provincial Ordinance/rules.
The uniform for the guards of Private Security Companies may nor resemble with the uniforms of Pakistan Armed Forces and other Law enforcement agencies.
Disclaimer: The information on this page is not intended to be comprehensive, and many details which may be relevant to particular circumstances have been omitted. These brief notes are for general guidance only and should not be taken as a substitute for a thorough and professional legal advice. Accordingly it should not be regarded as being a complete source of information. The brief over-view explains in very general terms incorporating Private Security Agency Companies in Pakistan