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India Silver Conference 2023: Platform for the Indian silver ecosystem
The first edition of India Silver Conference held at Jaipur was inaugurated today by Rajiv Arora Minister of State for Small Industries and Exports, Government of Rajasthan, Pramod Agrawal Chairman, National Gem & Jewellery Council of India, Chetan Kumar Mehta , National Vice President IBJA , Michael DiRienzo, Executive Director, The Silver Institute among other dignitaries.
India Silver Conference is presented by IBJA and organised by Eventell Global Advisory Pvt Ltd.
The India Silver Conference is aimed at developing stronger silver demand in India and will cover both supply and demand aspects of India’s silver market. The organizers have invited key stakeholders from each of the major industrial demand segments in India, including electric contacts, silver paste and brazing alloys, silverware, and silver jewellery.
The silver ecosystem definitely deserves a dedicated annual networking platform to address the ever growing demand, new technology, innovations and industrial usage. And, India Silver Conference will provide this platform.
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.
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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.