"An individual shall have certain qualifications and experience to be eligible for registration under rule 3 of The Companies (Registered Values and Valuation) Rules, 2017". Explain briefly.

An individual shall have the following qualifications and experience to be eligible for registration under Rule 4 of the Companies (Registered Valuer and Valuation) Rules 2017, namely: Post-Graduate Degree or post-graduate diploma, in the specified discipline, from a University or Institute established, recognised or incorporated by law in India and at least three years of experience in the specified discipline thereafter; or A Bachelor's degree or equivalent, in the specified discipline, from a University or Institute established, recognised or incorporated by law in India and at least five years of experience in the specified discipline thereafter; or Membership of a professional institute established by an Act of Parliament enacted for the purpose of regulation of a profession with at least three years' experience after such membership.