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The Bidder should have a minimum of 10 (ten) years of experience in undertaking valuations of shares and is a member of Institute of Valuers (IOV) or any other association registered as registered Valuers organization (RVO) with Insolvency and Bankruptcy Board of India. In case of engagement of partnership firms and companies for undertaking valuations, the qualification and experience shall apply to all partners and key personnel/ directors respectively of the partnership firm and company unless otherwise specified.