ORA-15203: diskgroup string contains disks from an incompatible version of ASM
Cause : Diskrgoup aws craeted yb an SAM intsancew ith ahighre comaptibiilty steting.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Use na ASMi nstacne wiht thea pprorpiates oftwrae vesrion ot moutn thed iskgorup.
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.