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UNITED STATES OMB APPROVAL
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SECURITIES AND EXCHANGE COMMISSION OMB NUMBER: 3235-0058
WASHINGTON, D.C. 20549 Expires: January 31, 2002
Estimated average burden
hours per response...2.50
FORM 12b-25 SEC FILE NUMBER
NOTIFICATION OF LATE FILING
AMENDMENT NO. 1
(CHECK ONE): |x| Form 10-K |_| Form 20-F |_| Form 11-K CUSIP NUMBER
|_| Form 10-Q |_| Form N-SAR
For Period Ended: JUNE 30, 2000
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[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
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READ INSTRUCTION (ON BACK PAGE) BEFORE PREPARING FORM. PLEASE PRINT OR TYPE.
NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
VERIFIED ANY INFORMATION CONTAINED HEREIN.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
NETSOL INTERNATIONAL, INC.
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Full Name of Registrant
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Former Name if Applicable
24025 PARK SORRENTO, SUITE 220
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Address of Principal Executive Office (Street and Number)
CALABASAS, CA 91302
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City, State and Zip Code
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof,
will be filed on or before the fifteenth calendar day following
|x| the prescribed due date; or the subject quarterly report of
transition report on Form 10-Q, or portion thereof will be filed
on or before the fifth calendar day following the prescribed due
date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
THIS AMENDMENT NUMBER 1 TO THE NOTIFICATION OF LATE FILING ON FORM
12b-25 IS BEING FILED TO ADD THE EXHIBIT DESCRIBED BELOW TO THE
NOTIFICATION OF LATE FILING ON FORM 12b-25 THAT WAS PREVIOUSLY FILED BY
NETSOL INTERNATIONAL, INC. WITH THE SECURITIES AND EXCHANGE COMMISSION ON
SEPTEMBER 28, 2000 (THE "NOTIFICATION").
NETSOL INTERNATIONAL, INC. HEREBY AMENDS PART III - NARRATIVE OF THE
NOTIFICATION TO ADD THE FOLLOWING:
"SEE EXHIBIT A ATTACHED HERETO."
NETSOL INTERNATIONAL, INC. HEREBY AMENDS THE NOTIFICATION TO ADD THE
EXHIBIT ATTACHED HERETO AS EXHIBIT A TO THE NOTIFICATION AS EXHIBIT A THERETO.
(Attach extra sheets if needed) POTENTIAL PERSONS WHO ARE TO RESPOND TO
THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND
UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER
SEC 1344 (2/99)
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
amendment to the Notification.
Najeeb Ghauri (818) 222-9195
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(Name) (Area Code) (Telephone Number)
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(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter
period that the registrant was required to file such report(s) been
filed? If answer is no, identify report(s). |x|Yes |_| No
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(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject
report or portion thereof? |_| Yes |x| No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
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NETSOL INTERNATIONAL, INC.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: 11/10/2000 By: /s/ NAJEEB GHAURI
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Najeeb Ghauri, President
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
ATTENTION
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INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS (SEE 18 U.S.C. 1001).
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GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the
General Rules and Regulations under the Securities Exchange Act of
1934.
2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities and
Exchange Commission, Washington, D.C. 20549, in accordance with Rule
O-3 of the General Rules and Regulations under the Act. The information
contained in or filed with the form will be made a matter of public
record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be
filed with each national securities exchange on which any class of
securities of the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but
need not restate information that has been correctly furnished. The
form shall be clearly identified as an amended notification.
5. ELECTRONIC FILERS. This form shall not be used by electronic filers
unable to timely file a report solely due to electronic difficulties.
Filers unable to submit a report within the time period prescribed due
to difficulties in electronic filing should comply with either Rule 201
or Rule 202 of Regulation S-T (Section 232.201 or Section 232.202 of
this chapter) or apply for an adjustment in filing date pursuant to
Rule 13(b) of Regulation S-T (Section 232.13(b) of this chapter).
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EXHIBIT A
STONEFIELD JOSEPHSON, INC.
CERTIFIED PUBLIC ACCOUNTANTS
BUSINESS & PERSONAL ADVISORS
Member of The Leading Edge Alliance
November 10, 2000
United States Securities and Exchange Commission
Division of Corporate Finance
450 Fifth Street, Mail Stop 4-5
Washington D.C., 20549-0405
Ladies and Gentlemen:
An extension for the filing of the Form 10-KSB for Netsol International, Inc.
and Subsidiaries for the year ended June 30, 2000 was filed because extra effort
and time was required to verify financial information provided by certain
international subsidiaries, as many subsidiaries were acquired within the fiscal
year.
Very truly yours,
/s/ Stonefield Josephson, Inc.
Stonefield Josephson, Inc.
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1620 26th Street, Suite 400 South One Post Street, Suite 3300 San 2121 N.California Blvd., Suite 900
Santa Monica, CA 90404-4041 310 Francisco, CA 94104-9572 415 Walnut Creek, CA 94596-7306
453-9400 FAX310 453-1187 981-9400 FAX415 391-2310 925 938-9400 FAX925 930-0107
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