Anyone can register any of the .LY domain names except for the gov.ly and edu.ly extensions. (These extensions require an official letter from the applicant for proof of identity).
Update on, December 15, 2011NIC.LY has announced that all future registrations of .LY domains...
Any .LY domain names may be registered, except domains containing obscene and indecent...
To modify the Whois Information (Registrant, Administrive, Technical and Billing Contacts) for...
As many as you like! There is no limit for the number of .LY domains each person/company is...
Unfotunately, this service is not available for .LY domains.