Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): March 26, 2010 (March 22,
2010)
Commission
file number: 0-22773
NETSOL
TECHNOLOGIES, INC.
(Exact
name of small business issuer as specified in its charter)
NEVADA
|
95-4627685
|
(State
or other Jurisdiction of Incorporation
or Organization)
|
(I.R.S.
Employer NO.)
|
23901
Calabasas Road, Suite 2072, Calabasas, CA 91302
(Address
of principal executive offices) (Zip Code)
(818)
222-9195 / (818) 222-9197
(Issuer's
telephone/facsimile numbers, including area code)
Item 3.01 Failure to Satisfy a Continued
Listing Rule
On March 22, 2010, NetSol Technologies, Inc. (the “Company”) received a notice from
NASDAQ of failure to comply with a continued listing rule, specifically the
minimum bid price of NASDAQ Listing Rule 5550(a)(2). The Company has
a grace period of 180 calendar days in which to regain
compliance.
SIGNATURES
In
accordance with the requirements of the Exchange Act, the registrant caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
NETSOL
TECHNOLOGIES, INC.
Date:
March 26, 2010 |
/s/
Najeeb
Ghauri |
|
|
NAJEEB
GHAURI |
|
|
Chief
Executive Officer
|
|
|
|
|
|
|
|
Date:
March 26, 2010
|
/s/
Boo-Ali
Siddiqui |
|
|
BOO-ALI
SIDDIQUI |
|
|
Chief
Financial Officer |
|