OurBuzz
IIJS Premiere team completes Phase 2 Campaign in Dubai’s Deira Gold Souq
The IIJS Premiere team recently concluded its Phase 2 campaign at the iconic Deira Gold Souq in Dubai, marking a significant milestone in its efforts to connect with global jewellers and industry stakeholders. The campaign was met with a robust response, highlighting the event’s importance and appeal within the international jewellery community.
The team engaged with 45 wholesalers and retailers in Deira Gold Souq, Gold Centre, Gold Land, and Gold House. Renowned for its rich history and vibrant marketplace, Deira Gold Souq provided the perfect backdrop for the IIJS Premiere campaign.
The campaign attracted a diverse group of jewellers, retailers, and industry professionals, all eager to explore the latest trends, innovations, and opportunities at IIJS Premiere in Mumbai from 8th to 13th August.
BrandBuzz
MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
In a landmark decision that will significantly ease compliance for thousands of jewellery businesses across India, the Ministry of Corporate Affairs (MCA) has revised the definition of “Small Company” under the Companies Act, 2013, effective 1st December 2025.GJC published and sent out this important update to the jewellery trade.
New Eligibility Criteria (both conditions to be satisfied):
- Paid-up Share Capital : ≤ Rs.10 Crore (earlier Rs.4 Crore)
- Annual Turnover : ≤ Rs.100 Crore (earlier Rs.40 Crore) (as per the latest audited financial statements)
Any company exceeding even one of the above limits will cease to be a Small Company.
Key Benefits for Jewellers (Private Limited & Family-Owned Firms):
- Only 2 Board Meetings required in a year
- Exemption from mandatory Internal Audit in most cases
- Substantially lower penalties for defaults
- Simplified Annual Return via Form MGT-7A
- No need to prepare Cash Flow Statement in financials
- Exemption from mandatory Auditor Rotation – continue with existing trusted auditors
- Reduced overall compliance cost and administrative burden
GJC advised jewellery firms to immediately review their Paid-up Capital and Turnover for FY 2024-25 to confirm eligibility and start availing the relaxations from the current financial year itself.
MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
Jewels of Legacy: People, Emotions, Histories behind four iconic Indian jewellery houses
Women Leaders Driving the Luxury Renaissance
Women Leaders Driving the Luxury Renaissance
MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
SHINESHILPI Announces the Launch of The Shine House, India’s Biggest B2B Jewellery Hub
-
BrandBuzz5 hours agoMCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
-
JB Insights6 hours agoWomen Leaders Driving the Luxury Renaissance
-
National News9 hours agoSHINESHILPI Announces the Launch of The Shine House, India’s Biggest B2B Jewellery Hub
-
National News8 hours agoTalla Jewellers Successfully Hosts Free Health Checkup Camp with Fortis Escorts Amritsar and Live For Others Foundation
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.