Issue bonus shares from free reserves / securities premium: Board + OR at GM
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee. OnCompliance tracks the date and warns you before it costs anything.
Board recommends bonus issue. Verify no default on deposits/debentures.
Members approve bonus issue at GM.
Fix record date, determine eligible shareholders, allot bonus shares.
File return of allotment within 15 days.
File resolution with ROC.
File notice of alteration of share capital.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.