The ASP.NET process identity does not have read permissions to the global assembly cache.

I am trying to run the default website installed by the CLSA.net, but it keeps giving me this error until I reinstalled the asp.net on my development box.

The step I follow is :

1. Open a command prompt
2. Stop IIS: iisreset /stop
3. Change to the .NET Framework 2.0 root directory: C:\winnt\Microsoft.Net\Framework\v2.0.50727\
4. Reinstall ASP.NET 2.0 by using the following command: aspnet_regiis -i command.
5. Start IIS again after it has been run: iisreset /start