Windows Script Component Registration Generate 0x80004005 Error Code

Scenario :

I create a simple .hta for managing students information and personal data. I create an application registration system which is required by the user to register the .hta before using it (Freeware which required registration for software benchmarking purpose). The registration is created with .wsc file structure. All students registration can work properly and saved into the database without generating any error. However the .wsc file for application registration is unable to register it which generate error.

Problems :

.wsc file generated error 0x80004005 on registration.

Flow :

If I try to register from the context menu, the following error is generated.

"The module "C:\Windows\system32\scrobj.dll" was loaded but the call to  DllInstall failed with error code 0x80004005."

If I try to register from the command line, the following error is generated.

"The module "C:\Windows\system32\scrobj.dll" was loaded but the call to  DllRegisterServerEx failed with error code 0x80004005."

Trial Made :

I searched the solution over the internet and nothing was found except all the solution related to 0x80004005 is pointed to Jet.OleDb problems.

Request :

I hope someone can help me solving this problem. So any help or opinion will be appreciated.

Remarks :

1. Microsoft Windows 7 Ultimate 32 bit on 32 bit system architecture.
2. Internet Information Services 7.5 is not installed.
3. Microsoft .NET Framework 1.1, 2.0, 3.0, 3.5 and 4.0 Redistributable installed.
4. Microsoft Office Access 2007 with Microsoft Jet OleDb 4.0 installed.

Thanks.