A solo founder running an OPC is approached by an angel investor who wants to take 10% equity. The lesson flags a structural limitation of the OPC form relevant here. What is it?

1. The lesson notes that an OPC has only one member as shareholder. 2. It also notes there is no scope for raising equity funding or offering employee stock options. 3. To bring in an angel investor, the OPC would need to convert to a private limited company. 4. The bar is structural to the OPC form, not an RBI sectoral restriction. 5. Nor is share issuance limited to relatives; the issue is the one-member ceiling itself. _Source: ICSI CS Executive Paper 3 (Setting up of Business Entities and Closure) — Lesson 1: Choice of Business Organisation, pp. 2-11._