Pending Overseas-Commerce Banking Corporation - Financial Institution Registration

[Pepecuu]

Username: Pepecuu

Registered Name: Overseas-Commerce Banking Corporation

Company Docket Thread URL: Company Docket: Overseas-Commerce Banking Corporation

Address: C-2-Lancaster-St

Primary Contact Person: Pepecuu (CEO and Director) Discord: @Pepecuu, Forums: Pepecuu, IGN: Pepecuu

Directors:
Pepecuu

Compliance Officer: Pepecuu

Type of Institution: Bank

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

Scope of Activities (other): Wealth and Asset Management and Advisory Services

Authorized Share Capital: Class A Common Stock, 10,000 Units, £1 par value

Ownership Structure: Pepecuu - 10,000 Shares (100%)

Brief Description of Services and Customer Base: Microloans, Mortgages and Commercial Loans to spur the growth of the Alexandrian Economy.

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:

List of Share Classes & Ownership Register excerpt:

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.