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Share holding without investment

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(Querist)
13 April 2023 I am looking to develop a business by forming a new private limited company. I have a person without whose help i can not start my business. Can I make him a share holder without any investment from him?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 April 2023 Yes, you can invest some 50,000 in his name and make him as share holder.
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