These corporations pays its local taxes annually, files its tax returns (no operation) regularly and files its audited FS.
These companies have no income except for a small interest but it has taxes and audit fees which result to capital deficiency.
I don't know why these are not yet closed however, is there any issue with this?
I have read that non-operation for 2 years since incorporation can be a ground for revocation. Does it qualify under this rule?
Or if not, are there any other laws, regulations or rulings which is relevant for me to know?