Pending ITN Corporation - Financial Institution Registration

Thritystone

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Thritystone
Thritystone
Member of Parliament
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Username: Thritystone

Registered Name: ITN Corporation

Company Docket Thread URL: Company Docket: Stoned Enterprises Corporation

Address: c-4-victoria-ln

Primary Contact Person: Thritystone

Directors:
Thritystone (CEO)

Compliance Officer: Thritystone

Type of Institution: Bank

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

Scope of Activities (other): ITN Corp will serve primarily as an International Transactions Technologies bank, and will be both the holdings subsidiary and an investment services corporation.

Authorized Share Capital: 1280

Ownership Structure: 50%+ Simple Majority Ownership

Brief Description of Services and Customer Base: ITN stands for International Transaction Notes Corporation, and is wholly owned by Stoned Corporation. ITN will facilitate Banking services and international transaction services primarily between Redmont and Alexandria. ITN will also expand operations to include new player loans and infrastructure investments once ITN systems are fully setup.

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: Company Docket: Stoned Enterprises Corporation

List of Share Classes & Ownership Register excerpt: Share Holder Registry (Responses)

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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