I have tried to run Caspol command .I got CLR 80004005 error.I have re installed all versions of frameworks but in vain.Could any one help me in solving this issue.
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Run it in an elevated command window. That error is indicating that you don't have permission.

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1Note 0x80004005 is E_FAIL ("Unspecified error"), a pretty generic error, not specifically related to any access denied or permission error. – Simon Mourier Jan 02 '14 at 07:14