Proposed dividend and declared dividend

What is the difference in Proposed Dividend and Declared Dividend?

What is the time limit for payment of  Proposed Dividend?

What is the time limit for payment of  Declared Dividend?

 

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Proposed dividend is that which is proposed by the management to be paid to share holders of company. Declared dividend is the dividend which is finalized in annual general meeting to be paid to share holders.

Dividend will have to be remitted within 30 days of declaration

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