If a foreign corporation has failed to comply with the provisions of law requiring the filing of reports with the Division or the filing of any tax returns or the payment of any taxes under M.G.L. c. 62C or M.G.L. c. 63 for two or more consecutive years, the Division may commence a proceeding to revoke the authority of the corporation to transact business in the commonwealth.
950 CMR, § 113.54