Need Advice - Urgent H1B Tranfer Issue

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Registered Users (C)
Hey,

I'm currently on my H1B with company X and want to tranfer to company Y. The only catch is Company Y will file for the the transfer next Monday and they want me to start working on Wednesday. Can I start working legally for company Y before the the receipt from INS is received? Or is it OK to start as soon as they've filed and can prove that the filed before the start date?
I believe the only risk I'm taking is that If I start working with Y and the H1 is not approved, then I'm left in a limbo. In that scenario, I should be able to come back to company X correct?
Time is closing in.. few more days. Your help is really appreciated.

Thanks,
Nihal
 
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