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A deposit initiator is the first bottler, distributor, dealer or agent to collect the deposit on a beverage container sold in New York State. You're a deposit initiator if you: 1  Bottle beverages in beverage containers with an established deposit. 2  Distribute beverages in beverage containers with an established deposit and you did not purchase the containers from a registered deposit initiator.
The enactment of this act paved the way for the establishment of NSDL and CDSL. The National Securities Depository Limited (NSDL) was the first depository in India. It was registered by SEBI on 7 th June 1996, as the very first Depository to facilitate trading and settlement of securities in Demat form.hey both are depositories that hold various securities like shares in electronic form. There is no major difference between the two; however there is small difference in their charges and their source of work.