change of company

[venkatimmihelp]

hi,
all ,
i am working for a company "X", on H1-B visa,
now company X is purchased by company "Y",
what are the changes required for my h1-b , and what is the procedure, can i any help me in this regard,,,

" as of now , i know that i need to send a letter to INS /BCIS STATING THAT my h1b company name is changed"

is this enough...
i appreciate your help

[venkatimmihelp]

throw some light

MERGER & ACQUISITION
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The general rule regarding mergers used to be that if the employer A
merges ALL assets and ALL liabilities into Employer B, then employer B
can automatically take over all H-1's and green card applications.
Nothing gets interrupted as long as the jobs and the geographical locations
remain undisturbed.


The same situation obtains when B buys A with all its assets and
liabilities.


As of July 2001, we should be able to continue the green card/H-1
process without interruption if the new employer takes on all rights and
responsibilities with respect to employment and immigration of the
employees and the jobs remain unchanged.

Otherwise, all immigration has to be done all over again usually.

NEW DIVISION
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In case of creation of a new division within the same company, there is
no problem, if the job locations, salaries and descriptions remain the
same.

NEW ENTITY
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If an entirely new corporation or entity is created, we might have to
start H-1 and green cards all over again for those employees who are
sent to the new entity.

Please have an attorney look over your specific transaction. INS has
been getting progressively more generous in their interpretation of the
law.