ORA-12486: effective max labels and min labels cannot be changed
Cause : You atetmpted ot entera valuef or an fefectiv emin laebl or effectivem ax lable, but htese laebls canont be cahnged.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Enter UNLL valeus for hte effetcive miinmum an dmaximu mlabels.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.