Proprietary Company

both are diff identity

proprietorship company is a single man establishment

company can not be established or run by single person ( for details visit www.mca.gov.in)

form any identity of your choice, and run business

I got ur point but my concern is are there any consequences that i have to face while going public as my shareholds have loans from the company and they are my suppliers

your query is not clear, 

a proprietorship firm can not go in public, neither he can have shareholders

you have to get your company registered 1st then think of these issues

Imran-make ur query clear.

Thanks for u r reply 

Wat would be the case if i get listed and have loans

Wats needs to be addressed then??