If you are in India, you need to get a new I-20 and apply for a new visa. If you are currently here in the US, speak with the DSO, also known as the Foreign Student Advisor, as to how you may proceed. You may also wish to speak with an experienced immigration attorney.
This answer is of a general nature and should not be relied upon as final, nor is it intended as legal advice. A consultation with an experienced attorney is always the best way to go.
Your facts, as you describe them, appear to be OK. Talk to the foreign student adviser at the new school ... they are quite helpful.
www.capriotti.com -- email@example.com -- Senior Legal Counsel -- Capriotti International Law -- Legal disclaimer: This answer is offered for informational purposes only. It does not constitute an attorney-client relationship. Contact the American Immigration Lawyers Association www.aila.org for a referral to an experienced immigration attorney.
In order to be issued an new H-1B visa, you need to have a valid I-20 and the funds to fund your studies.
J Charles Ferrari Eng & Nishimura 213.622.2255 The statement above is general in nature and does not constitute legal advice, as not all the facts are known. You should retain an attorney to review all the facts specific to your case in order to receive advise specific to your case. The statement above does not create an attorney/client relationship. Answers on Avvo can only be general ones, as specific answers would require knowledge of all the facts. As such, they may or may not apply to the question.