Pending Federal Underwriters and Credit Corporation - Financial Institution Registration

ConsequencesInc

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ConsequencesInc
ConsequencesInc
Minister for Finance
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Apr 12, 2025
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Username: ConsequencesInc

Registered Name: Federal Underwriters and Credit Corporation

Company Docket Thread URL: FUCCO Company Docket

Address: c-4-hamilton-ln

Primary Contact Person: ConsequencesInc

Directors:
ConsequencesInc

Compliance Officer: ConsequencesInc

Type of Institution: Financial Conglomerate

Scope of Activities: Deposit-taking, Consumer lending, Commercial lending, Investment services

Scope of Activities (other): Underwriting IPOs, Insurance services, and creating and managing financial securities.

Authorized Share Capital: Total Authorized Shares: 2,000,000 9 Share Types Currently Authorized: Class A Shares: 1,950,000 Authorized, 1,000,000 Issued (1 vote per share) Par Value: £0.001 Class B Shares: 0 Authorized, 0 Issued (0 votes per share) Par Value: £0.001 Class C Preferred Shares: 30,000 Authorized, 0 Issued (0 votes per share) Par Value: £2.50 Class D Preferred Shares: 5,000 Authorized, 0 Issued (0 votes per share) Par Value: £5 Class E Preferred Shares: 5,000 Authorized, 0 Issued (0 votes per share) Par Value: £10 Class F Preferred Shares: 5,000 Authorized, 0 Issued (0 votes per share) Par Value: £15 Class G Preferred Shares: 4,000 Authorized, 0 Issued (0 votes per share) Par Value: £20 Class H Preferred Shares: 500 Authorized, 0 Issued (0 votes per share) Par Value: £50 Class I Preferred Shares: 500 Authorized, 0 Issued (0 votes per share) Par Value: £100

Ownership Structure: 100% ConsequencesInc

Brief Description of Services and Customer Base: FUCCO will be expanding into and engaging in a wide variety of financial services for both individuals and business in Alexandria, including checking and savings, insurance, mortgages, commercial and personal loans, asset and wealth management, and securities exchange and underwriting.

By signing below, the Applicant acknowledges and undertakes to:

  1. 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.
  2. 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
  3. Audit & Inspection
    • Consent to Ministry audits and inspections of financial records (Revenue Act § 8(3)(a)).
  4. 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: FUCCO Company Docket

List of Share Classes & Ownership Register excerpt: FUCCO Shareholders Sheet

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.
 
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