IIS error : Failed to access IIS metabase.

please follow step below to fix this issue

1. registered ASP.NET 2.0 with IIS using "C:\WINDOWS\Microsoft.NET\Framework\v2.0.50727\aspnet_regiis –i"
2. Gave permissions to the ASPNET account using "C:\WINDOWS\Microsoft.NET\Framework\v2.0.50727\aspnet_regiis –ga ASPNET"