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Fema compliances

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(Querist)
11 February 2016 Dear experts,
Our client had acquired some services from its related party in US but had not paid the sum for last 3 years. they simply reinstate the liability every year.On the other hand They are selling services to the same vendor.My question is Whether they can set off this account against receivable?Because I dont have that much awareness about FEMA and RBI gudelines regarding same.If possible kindly share its procedure also.
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Rahul Magan

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Rahul Magan (Expert)
18 February 2016 @ Vishal ~ Pls explain the question again. You are most welcome to quote the name of the company as XYZ. You are also welcome to connect with me at 91-9899242978 in that regards ~ Rahul Magan
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