H1B Transfer Issues after 7th Year

[cupertinoguy]

I am currently working on H1B with Company A and 7^th year is in progress, I-140 Approved and current extension valid till Jan 2014

.

I was offered job by Company B and they did h1 B transfer, the transfer was approved for 1 year till Sept 2012. I have not joined new company B yet.

If I chose NOT to join company B

1. Are there any complications to validity of my current I-94 ? I assume since transfer has happened the I-94 will be reduced from Jan 2014 to Sept 2012. If yes and how do I get it extended.
   
2. Does company A(current company) need to transfer the petition/visa even if I have not joined the new company?
   
3. Will there be any visa stamping issues with Company A due to multiple petitions due to transfer?
   
4. If company B cancels new petition then what happens to current I-94?
   
5. Do I need to surrender company B’s I-94 at time of exit out of USA?
   
6. Having multiple H1B petition can create problem in GC?
   
7. Any other concerns?
   

[vb_suresh]

1.NO

2.No

3.No

4.Still valid for comapny "A"

5. iIf you join "B", then yes, If you with "A" no

6.No issues

7. no issues with the above mentioned transaction. enjoy!