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.
In India, jewellery has never been just an accessory. A necklace can hold the echo of a wedding song, a grandmother’s whispered blessing or the quiet dignity of a family tradition. These are the sentiments at the core of Jewels of Legacy, Edstead’s latest docu-series now streaming on JioHotstar. The show offers a cinematic exploration of the stories, memories and human connections that make jewellery an intimate part of our identity.
Edstead has built a reputation for emotionally resonant, documentary-led storytelling. With Jewels of Legacy, the studio brings the same depth, authenticity and visual intimacy to the world of Indian jewellery. This jewellery project was done in collaboration with Preeta Agarwal, a renowned jewellery specialist who worked with Edstead as a Brand Partnership Consultant.
A Series That Goes Beyond Glitter
Rather than focusing solely on design and technique, Jewels of Legacy delves into the lives and philosophies of four legendary jewellery brands. It highlights the generational knowledge they carry, the traditions they uphold and the values that shape their artistry. History and personal storytelling flow effortlessly together, offering viewers an experience that is both heartfelt and deeply immersive.
Four Legendary Brands. Four Distinct Journeys. One Shared Heritage.
• Kishandas & Co.
The keepers of Hyderabad’s heritage jewellery, known for reviving royal craftsmanship and heirloom artistry.
• Mahesh Notandass Jewellers
A label revered for its couture fine jewellery—defined by symmetry, subtlety and timeless sophistication.
• VBJ Since 1900
A heritage house built on temple-inspired design, authenticity and over a century of unwavering trust.
• Abaran Timeless Jewellery
A family legacy grounded in purity, precision and a thoughtful blend of tradition with modern style.
Through archival footage, family recollections and the meticulous work of master artisans, the series shows why these brands continue to shape India’s enduring romance with jewellery.
Speaking about the vision behind the series, Shekhar Bhattacharjee, Founder of Edstead, shares: “Heritage and trust matter more today than ever before. Jewels of Legacy celebrates not just the beauty of jewellery, but the emotions, stories and cultural roots that give it meaning. In India, jewellery has always been about belonging—about wearing a memory. Jewellery Is an Emotional Inheritance”
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
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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.