**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      10-KSB/A**

**EXCHANGE      ACT OF 1934**

**FOR      THE FISCAL YEAR ENDED JUNE 30, 2008**

**SECURITIES      EXCHANGE ACT OF 1934**

**NETSOL      TECHNOLOGIES, INC.**

|   | **NEVADA**                                                          | **95-4627685**                              |   |
|--------|---------------------------------------------------------------------|---------------------------------------------|--------|
|   |  (State                or other jurisdiction                of |   (I.R.S.                Employer |   |
|   |  incorporation                or organization)                 |  Identification                Number) |   |

**COMMON      STOCK, $.001 PAR VALUE**

**THE      NASDAQ STOCK MARKET LLC**

**COMMON      STOCK, $.001 PAR VALUE**

**NASDAQ      CAPITAL MARKET**

**DOCUMENTS      INCORPORATED BY REFERENCE**

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**SIGNATURES**

|                          | NetSol Technologies, Inc.                                                                                 |
|-------------------------------|-----------------------------------------------------------------------------------------------------------|
|                          |                                                                                                      |
| Date: November 10, 2008  | BY: /S/ NAJEEB GHAURI                                                                                     |
|                          |   Najeeb                Ghauri  Chief                Executive                Officer |
|                          |                                                                                                      |
| Date: November 10, 2008  | BY: /S/ Tina Gilger                                                                                       |
|                          |   Tina                Gilger  Chief                Financial                Officer   |

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|  Date: November 10,              2008  |  BY: /S/ NAJEEB U.              GHAURI    Najeeb                U. Ghauri    Chief                Executive Officer    Director,                Chairman |
|--------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                             |                                                                                                                                                                                                                      |
|  Date: November 10,              2008  |  BY: /S/ SALIM GHAURI    Salim                Ghauri    President,                APAC    Director                                                       |
|                                             |                                                                                                                                                                                                                      |
|  Date: November 10,              2008  |  BY: /S/ NAEEM GHAURI    Naeem                Ghauri        President,                EMEA    Director                               |
|                                             |                                                                                                                                                                                                                      |
|  Date: November 10,              2008  |  BY: /S/ EUGEN BECKERT    Eugen                Beckert    Director                                                                                                           |
|                                             |                                                                                                                                                                                                                      |
|  Date: November 10,              2008  |  BY: /S/ SHAHID JAVED BURKI    Shahid                Javed Burki        Director                                                                         |
|                                             |                                                                                                                                                                                                                      |
|  Date: November 10,              2008  |  BY:/S/                MARK CATON    Mark                Caton    Director                                                                                                   |
|                                             |                                                                                                                                                                                                                      |
|  Date: November 10,              2008  |  BY:/S/ ALEXANDER SHAKOW    Alexander                Shakow    Director                                                                                                      |

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