SEC 1746 (2-98) 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. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. _______)* NETSOL INTERNATIONAL, INC. 24035 PARK SORRENTO, SUITE 220 CALABASAS, CA 91302 - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.001 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 64115A 10 5 - -------------------------------------------------------------------------------- (CUSIP Number) OMAR T. ATIQ 7200 S. HAZEL PINE BLUFF, AR 71603 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and communications) 9/20/01 & 10/06/01 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent. The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 64115A 10 5 ________________________________________________________________________________ 1. Names of Reporting Persons, I.R.S. Identification Nos. of above persons (entities only) Omar Taimoor Atiq; Mr. and Mrs. Omar Atiq; Atiq LLC; Profit Sharing Plan for Omar Atiq ________________________________________________________________________________ 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ------------------------------------------------------------------- (b) ------------------------------------------------------------------- ________________________________________________________________________________ 3. SEC Use Only ---------------------------------------------------------- ________________________________________________________________________________ 4. Source of Funds (See Instructions) PF ________________________________________________________________________________ 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(c) N/A ---------------------------------------------------- ________________________________________________________________________________ 6. Citizenship or Place of Organization U.S.A. ________________________________________________________________________________ Number of 7. Sole Voting Power 535,348 Shares _________________________________________________________________ Beneficially 8. Shared Voting Power 1,090,300 Owned by Each _________________________________________________________________ Reporting 9. Sole Dispositive Power 535,348 Person _________________________________________________________________ With 10. Shared Dispositive Power 1,090,300 ________________________________________________________________________________ 11. Aggregate Amount Beneficially Owned by Each Reporting Person Omar Atiq: 535,348; Atiq LLC: 250,000; Mr. and Mrs. Atiq: 840,300 ________________________________________________________________________________ 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ________________________________________________________________________________ 13. Percent of Class Represented by Amount in Row (11) 10.89% ________________________________________________________________________________ 14. Type of Reporting Person (See Instructions) IN, EP, CO, OO (Power of Attorney) ________________________________________________________________________________ INSTRUCTIONS FOR COVER PAGE Item 1: Security Of the Issuer: NetSol International, Inc. 24025 Park Sorrento, Suite 220 Calabasas, CA 91302 Common Stock, Par Value $0.001 Per Share; CUSIP Number 64 115A105 Item 2: Identity and Background (a) Omar Atiq, an individual (b) Atiq LLC; Mr. And Mrs. Omar Atiq, Managers 7200 South Hazel Pine Bluff, AR 71603 (c) Physician 7200 South Hazel Pine Bluff, AR 71603 (d) No. (e) No. (f) USA Item 3: Source and Amount of Funds or Other Consideration Purchase method was used to obtain securities. Item 4: Purpose of Transaction Purpose of transaction-private investment. (a) None (b) None (c) None (d) None (e) None (f) None (g) None (h) None (i) None (j) None Item 5: Interest in Securities of the Issuer:
(b) Number of (d) Other Sole/Joint Voting persons to have Number and class Power; Power to (c) Transactions power to receive (a) Identity of securities Dispose within past 60 days dividends etc. - ------------ ---------------- ----------------- ------------------- ---------------- Omar Atiq 130,516 common 100% of sole None None stock; 0.87% voting power Atiq LLC 250,000 common 100% of sole None CO stock; 1.66% voting power and power to dispose Mr. and Mrs. 840,300 common 100% of joint None None Omar Atiq stock; 5.6% voting power and power to dispose Mr. Atiq Sr. 104,832 common 100% of sole None None stock; 0.69% voting power and power to dispose via power of attorney Profit Sharing Plan 300,000 common 100% of sole None EP for Omar Atiq stock; 2.0% voting power and power to dispose
Item 6: Contracts, Arrangements, Undertaking, or Relationships with Respect to Securities of the Issuer. None. Item 7: Material to Be Filed as Exhibits. None. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 10/28/01 - -------------------------------------------------------------------------------- Date /s/ OMAR TAIMOOR ATIQ - -------------------------------------------------------------------------------- Signature Omar Taimoor Atiq - -------------------------------------------------------------------------------- Name/Title The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement; provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)