Holding Subsidiary Company Formation

1)A company can become member of another company provided express power is given in the moa

2)a company cannot become a member of its own

3) a subsidiary company cannot hold shares in holding company

however where a subsidiary company had become the member of the holding company before it became the subsidiary company,it can continue to be a member in the holding company.butthe subsidiary company shall not have any voting rights in respect of shares held in the holding company

How to write answer of holding and subsidiary company if question comes directly