Private Security Company Law in Pakistan: A Comprehensive Overview
Disclaimer: This information is intended for general understanding and should not be considered legal advice.
Introduction:
The establishment and operation of private security companies in Pakistan are governed by specific legal requirements. Understanding the key aspects of this legal framework is essential for individuals or groups intending to establish such companies.
Legal Requirements:
Permission from Interior Ministry:
– Before commencing operations, private security companies must obtain prior permission from the Interior Ministry of Pakistan.
– An administrative order issued by the Ministry of Interior in 1988 outlines the operational guidelines for private security companies.
Registration with SECP:
– Private security companies are required to register themselves with the Securities & Exchange Commission of Pakistan (SECP) under the Companies Ordinance, 1984.
– Individuals or groups intending to establish a private security company can approach the SECP in Islamabad or provincial capitals to initiate the incorporation process.
Incorporation Process:
– After meeting legal formalities for incorporation, the SECP registers the private security company.
– Nine complete sets of documents, along with subscribers’ bio data, attested photographs, and financial statements, are sent to the Ministry of Interior for the issuance of a No Objection Certificate (NOC).
– The NOC issuance process by the Ministry of Interior typically takes three to four months but may be extended.
Provincial Licensing:
– For operations within a specific province, private security companies need to seek a license from the concerned Home Secretary.
– Provincial ordinances and rules regulate the affairs of private security companies, and they are required to function within the framework set by the respective provinces.
Uniform Regulations:
– The uniform worn by private security company guards must not resemble those of the Pakistan Armed Forces or other law enforcement agencies.
Important Notes:
– The information provided is a general overview and not exhaustive.
– Specific details relevant to individual circumstances may not be covered.
– These notes are intended for general guidance and should not substitute thorough and professional legal advice.
Note: Legal provisions may undergo changes, and it is advisable to consult the latest laws or seek professional legal advice for accuracy.