ORA-15124: ASM file name 'string' contains an invalid alias name
Cause : A file name was specified which did not contain a valid ASM alias name. The ASM alias name, if present, follows immediately after the diskgroup name, in place of the ASM file number. It must be preceeded by a slash, start with an alphabetic character, and consist of up to 48 characters which are alphabetic, numeric, or the characters '$', '_', '-', or '#". A space can separate two parts of an alias name.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Correct the file name specification.
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.