ORA-15199: Internal ASM tracing event number 15199
Cause : Set this event only under the supervision of Oracle development.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Traces execution of ASM. Level indicates verbosity of tracing.
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.