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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001144204-05-014803.txt : 20060831
<SEC-HEADER>0001144204-05-014803.hdr.sgml : 20060831
<ACCEPTANCE-DATETIME>20050511144539
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001144204-05-014803
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20050511

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NETSOL TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0001039280
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				954627685
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		23901 CALABASAS ROAD
		STREET 2:		SUITE 2072
		CITY:			CALABASAS
		STATE:			CA
		ZIP:			91302
		BUSINESS PHONE:		8182229195

	MAIL ADDRESS:	
		STREET 1:		23901 CALABASAS ROAD
		STREET 2:		SUITE 2072
		CITY:			CALABASAS
		STATE:			CA
		ZIP:			91302

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETSOL INTERNATIONAL INC
		DATE OF NAME CHANGE:	19990819

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MIRAGE HOLDINGS INC
		DATE OF NAME CHANGE:	19970519
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.txt
<TEXT>

May 11, 2005


VIA FACSIMILE & U.S. MAIL
(202) 942-1871

Barbara C. Jacobs
Assistant Director
U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC  20549-0406

      RE:   NetSol Technologies, Inc.
            Form SB-2
            File No. 333-116512, and Periodic reports

Dear Ms. Jacobs,

The comment letter received from the Securities and Exchange Commission ("SEC")
on April 27, 2005 (the "Comment Letter"), requested a response to those comments
addressing the periodic reports by no later than May 11, 2005. We are currently
waiting for information responsive to the comments which must be gathered from
our new subsidiary, CQ Systems, Ltd. in the United Kingdom. As such information
has not yet been received, NetSol Technologies, Inc. hereby requests an
extension of time to no later than May 27, 2005 to file the comment response and
amended registration statement and periodic reports referenced in the Comment
Letter.

Very truly yours,


/s/ Patti L. W. McGlasson

Patti L. W. McGlasson
Corporate Counsel
NetSol Technologies, Inc.
</TEXT>
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</SEC-DOCUMENT>
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