The Companies (Jersey) Law 1991 allows two or more companies to merge and continue as one company. The merged company may be a completely new company.
Under the provisions of Article 127C(1) and Article 127C(2) of the Companies (Jersey) Law 1991 where subsidiaries, or subsidiaries and parent, merge, one company may continue. In all other circumstances a new company is created to take over from the merging entities.
Company (Jersey) Law 1991 on the Jersey Law website
Accounting provisions
Where the company trades cessation provisions will be applied.
Commencement provisions will be applied to new trading companies created under these arrangements.
When one company continues the decision on whether to apply commencement trading provisions will depend on whether the trade of another company has been succeeded to and continued. This will be decided on the facts of each case.
Merged companies which are not survivor companies
Companies which are not survivor companies as a result of a merger may wish to use the winding up and migration form in order to seek clearance that the Comptroller of Revenue does not object to the merger.
How to complete the winding up and migration form
gov.je