MrFluffy2U94
New member
- Joined
- Apr 12, 2025
- Messages
- 7
- Thread Author
- #1
Username: MrFluffy2U94
Registered Name: Cornerstone Bank
Company Docket Thread URL: https://discord.gg/HcHxdqcm (WIP)
Address: C-7-Regent Street
Primary Contact Person: MrFluffy2U94
Directors:
MrFluffy2U94
Compliance Officer: MrFluffy2U94
Type of Institution: Bank
Scope of Activities: Deposit-taking, Consumer lending, Commercial lending, Investment services
Scope of Activities (other): Plan to primarily be an in-game ATM style bank.
Authorized Share Capital: Class A - 10,000 shares (includes voting rights) Class B - 10,000 shares (dividend eligible)
Ownership Structure: 100% owned and operated by MrFluffy2U94
Brief Description of Services and Customer Base: We will plan to incorporate in game ATMs at various locations around Alexandria. We will offer collateral backed loans to trusted bank customers and plan to eventually expand into investment banking.
By signing below, the Applicant acknowledges and undertakes to:
Link to Company Docket: https://discord.com/channels/1388514719715033241/1388515821466292394 , https://discord.com/channels/1388514719715033241/1388516868876140584 , https://discord.com/channels/1388514719715033241/1388516975910584451
List of Share Classes & Ownership Register excerpt: Class A - MrFluffy2U94 10,000 shares. Class B - MrFluffy2U94 10,000 shares.
Declaration and Signature
I, the undersigned, hereby certify that the information provided is true and correct, that this Entity is duly organized under the Laws of the Kingdom of Alexandria, and that it will comply with all taxation, reporting, and regulatory requirements of the Revenue Act.
Registered Name: Cornerstone Bank
Company Docket Thread URL: https://discord.gg/HcHxdqcm (WIP)
Address: C-7-Regent Street
Primary Contact Person: MrFluffy2U94
Directors:
MrFluffy2U94
Compliance Officer: MrFluffy2U94
Type of Institution: Bank
Scope of Activities: Deposit-taking, Consumer lending, Commercial lending, Investment services
Scope of Activities (other): Plan to primarily be an in-game ATM style bank.
Authorized Share Capital: Class A - 10,000 shares (includes voting rights) Class B - 10,000 shares (dividend eligible)
Ownership Structure: 100% owned and operated by MrFluffy2U94
Brief Description of Services and Customer Base: We will plan to incorporate in game ATMs at various locations around Alexandria. We will offer collateral backed loans to trusted bank customers and plan to eventually expand into investment banking.
By signing below, the Applicant acknowledges and undertakes to:
- Financial Institution Tax
- Pay a monthly Financial Institution Tax at the rate of (10%) of reported profits (Revenue Act § 6(2)).
- Submit payment by the end of the second week of the following month.
- Financial Records & Reporting (Revenue Act § 7)
- Maintain detailed accounts of investment revenue, operating costs, assets, and liabilities.
- Report to the Ministry of Trade & Finance by the end of the first week of each month:
- Profits for the preceding month
- Total assets & liabilities as of month-end
- Significant changes in financial condition or operations
- Summary of investment portfolio (securities, loans, other instruments)
- Regulatory actions, legal proceedings, or material events
- Compliance status with financial regulations
- Audit & Inspection
- Consent to Ministry audits and inspections of financial records (Revenue Act § 8(3)(a)).
- Tax Exemption
- Upon registration, this entity shall be exempted from the Corporate Balance Tax (1% weekly) under Revenue Act § 11(2)(a).
- Acknowledge that exemption may be revoked for misrepresentation or non-compliance.
Link to Company Docket: https://discord.com/channels/1388514719715033241/1388515821466292394 , https://discord.com/channels/1388514719715033241/1388516868876140584 , https://discord.com/channels/1388514719715033241/1388516975910584451
List of Share Classes & Ownership Register excerpt: Class A - MrFluffy2U94 10,000 shares. Class B - MrFluffy2U94 10,000 shares.
Declaration and Signature
I, the undersigned, hereby certify that the information provided is true and correct, that this Entity is duly organized under the Laws of the Kingdom of Alexandria, and that it will comply with all taxation, reporting, and regulatory requirements of the Revenue Act.
