ORA-15043: ASM disk "string" is not a diskgroup member
Cause : The specified disk has been removed from the diskgroup, but a disk matching its name was found.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Check the hardware configuration.
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.