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of <h1>Key Terms Defined for Companies (Registered Valuers and Valuation) Rules, 2017 Under Companies Act, 2013, Section 458</h1> These rules define key terms related to the Companies (Registered Valuers and Valuation) Rules, 2017. The 'Act' refers to the Companies Act, 2013. An 'authority' is designated by the Central Government under section 458 of the Act. 'Asset class' denotes a group of similar assets requiring specific valuers. 'Certificate of recognition' and 'certificate of registration' relate to registered valuers and organisations. A 'partnership entity' includes firms registered under the Indian Partnership Act, 1932, or the Limited Liability Partnership Act, 2008. 'Valuation standards' are specified in rule 18, and a 'valuer' is a registered individual under these rules. Unspecified terms follow definitions from the Act or related rules.
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