State, whether the following persons are eligible to be appointed as auditor of a company under the provisions of the Companies Act, 2013: Directors of DEF Ltd. want to appoint Aryaman, a practicing Chartered Accountant

As per section 141 (3) (d) (ii) of the Companies Act, 2013 read with rule 10 of The Companies (Audit and Auditors) Rules, 2014 , an auditor is disqualified to be appointed as an auditor if he or his relative or partner is indebted to the company, or its subsidiary, or its holding or associate company or a subsidiary of such holding company, in excess of rupees 5 Lacs. In this case, Aryaman will not be disqualified to be appointed as an auditor of DEF Ltd. As he is indebted to DEF Ltd. for ₹4,95,000 which is within the limit (i.e. less than ₹5 lacs)