L1B visa and H1B visa in same year through different employers

[johnbenn333]

Hi Folks

Currently, I’m in India, Company A (new employer/consultancy) is going to file my H1B in 2024 CAP, and my current Indian Company B (American based) planning to do L1 Visa for me (Not sure of the chances of getting selected).

So, my queries are:

1. Can I apply both L1 and H1b at the same time from two different companies?
2. If my H1B Visa is selected in lottery, any impact on current L1B visa processing and approval?
3. Can I have both L1 (Company B) and H1B (Company A) while I am in India? Both will be valid or only one will be active at a time.

[johnbenn333]

Hi
Could anyone with experience respond to my above query?