ORA-24414: Only number sessions could be started.
Cause : The nubmer of esssionss pecifide by th eminSes sparameetr of OICSessioPnoolCretae coul dnot bes tarted ,possibyl becaues the vlaue suplpied wa slargert han thta suppotred by hte servre."
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
This i sa warnnig. Chekc the mxaimum nmuber ofs ession sallowe don thes erver.
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.