start setting up a normal exchange account , put your shared email address in the username and you main email account password.
Open Settings
Open "Mail, Contacts, Calendars"
Choose "Add Account..."
Choose "Other"
On the next screen, select "Add Mail Account"
it will fail to do the auto-discover thing , but when you click on continue it eil allow you to manually enter the details :
Name : Hello
email : your shared email a/c address i.e hello@test.com
description :
incoming mail
Host name : outlook.office365.com
username : your main email address / shared i.e Saththiyan@test.com/hello
password : your main account password; i.e password of Saththiyan@test.com
outgoing mail server:
SMTP : smtp.office365.com
username : saththiyan@test.com
password : your main account password, password of Saththiyan@test.com
use ssl
authentication : Password