Quote Quoting Mr. Knowitall
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You aren't in H1B status, so if you have an employer who wants to employ you in that status it won't be by virtue of a transfer. Depending upon the dates involved, you may have already been counted against the cap.
Thanks for the reply Mr.Knowitall.

I heard it through one of my friend that his company transferred his old H1 VISA in this manner only when he was in India. Only thing I am not sure at this point as till how many years VISA can be transferred (in other words, till how many years my old petition can used even after original VISA date is expired). I also heard that it does not count under yearly quota.

Please suggest.