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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:
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.
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:
- 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: 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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