Share allocation without investing cash

uma shankar (Director) (24 Points)

29 January 2015  

Hi ,

I would like to register a private India limited company with following constrains / objectives in mind.

1) In two years period company involves in only Research related activities ( R& D) in software development.  

2) The total money for the two years research will be funded by my friend , money inflow to the company would be tentatively like this in two years.  

1ST Term : 10 L

2nd Term : 25 L

3rd Term  : 60 L

3) At the end of the 2 years my friend should get 49 % of stakes and I should get 51 % stakes .

How to allocate the shares to my friend and how should we show it in the books , because I am not directly investing the money ( I am involved in all bussiness development activities and reserch ), all the money is funded by friend only , in that case how should i get 51 % shares.

Please help me out 

Thanks & Regards

Uma