Decide whether the following persons are qualified to be appointed as statutory auditor of the Girija Ltd: Dinesh, a qualified chartered accountant, whose son owes Girija Ltd a sum of ₹80000

Provisions of the Companies Act, 2013: Section 141(3)(d)(ii) read with Rule 10 of the Companies (Audit & Auditors) Rules, 2014 , states that a person shall not be eligible for appointment as an auditor of a company 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 ₹5,00,000. Application to the given case: Dinesh's son (a relative) owes Girija Ltd. a sum of ₹80,000. The indebtedness limit for a relative is ₹5,00,000. Conclusion: Dinesh is **not disqualified** from being appointed as the statutory auditor of Girija Ltd. because the amount owed by his son (₹80,000) is within the permissible limit of ₹5,00,000 for a relative's indebtedness.