New H1B with approved I-140

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I have previously worked in US and have an approved I-140 from my previous employer. Now, I am back in India and would like to file a new H1B with a new employer.

Can someone please help me understand the following

1. If it is possible to file a new H1B as CAP exempt or do I need to wait for the next FY.

2. If a new H1B can be filed as CAP exempt, will it authorize me to work immediately once its approved or I need to wait until October of this year.



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