The main Statute governing different facets of antiquities and art treasures in India for nearly fifty years is the Antiquities and Art Treasures Act, 1972 (the “Antiquity and Art Treasures Act”). It aims to provide for the protection and preservation of antiquities and art treasures. The definition of an “antiquity” is wide and inclusive. It includes coins, sculptures, paintings and works of art and craftsmanship that are not less than one hundred years old. The Statute makes no distinction between antiquities that are Indian and those that are foreign.
Mandeep Nalwa, Group Chief Executive Officer at Singapore-headquartered MFO Taurus Wealth Advisors, the firm he founded in 2008, is an entrepreneur with a vision. Hubbis met with him recently to explore his vision of the development of Taurus within the evolving Singapore, Asian and Middle East independent wealth markets. He admits he expected more of the independent wealth sector in his core markets when he set out on this road some 15-plus years ago but is pleased with the growth Taurus has registered and optimistic about the firm’s carefully crafted expansion plans and the future.