Definitions: Registered valuer and related terms set scope, registration, recognition and asset class rules for valuation practice. Rule 2 defines core terms for the valuation regime: valuer as a person registered with the authority; registered valuers organisation and asset class as distinct groupings requiring specific valuers; certificate of registration and certificate of recognition as the formal credentials for valuers and organisations; valuation standards as the benchmark; and authority as the body designated by the central government. Undefined terms derive their meanings from the Companies Act and related specification rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Definitions: Registered valuer and related terms set scope, registration, recognition and asset class rules for valuation practice.
Rule 2 defines core terms for the valuation regime: valuer as a person registered with the authority; registered valuers organisation and asset class as distinct groupings requiring specific valuers; certificate of registration and certificate of recognition as the formal credentials for valuers and organisations; valuation standards as the benchmark; and authority as the body designated by the central government. Undefined terms derive their meanings from the Companies Act and related specification rules.
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