NETSOL TECHNOLOGIES INC — Regulatory Filings 2011

Jan 18, 2011

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January 18, 2011

VIA FACSIMILE

(202) 772-9210

Stephen Krikorian

Accounting Branch Chief

Mark P. Schuman

Legal Branch Chief

U.S. Securities and Exchange Commission

10 F Street, N.E.

Washington, DC 20549

| RE |
| --- |
| Form
10-K for the fiscal year ended June 30, 2010 Filed
on September 10, 2010 Form
10-K/A for the fiscal year ended June 30, 2010 Filed
on September 14, 2010 Form
10-Q for the fiscal quarter ended September 30, 2010 Filed
on November 12, 2010 File
No. 000-22773 |

Dear Mr. Krikorian and Mr. Schuman,

We are in receipt of your comment letter dated January 13, 2011. We note that you have requested a response to the letter within 10 business days of receipt. Executives important to our response will be traveling out of the country within the next two weeks making a timely response difficult. Accordingly, we request an extension of time to respond to the comment letter to February 4, 2011.

Thank you for your attention to this matter. Please contact the undersigned (818) 222-9195 ext. 110, or Ms. Malea Farsai at (818) 222-9195 ext. 105 if you require any clarification or have any questions.

Very truly yours,

/s/Patti L. W. McGlasson

Patti L. W. McGlasson

General Counsel

NetSol Technologies, Inc.

cc: Najeeb Ghauri, CEO NetSol Technologies, Inc.

Morgan Youngwood, Christine David, Evan Jacobson, U.S. SEC