Have a look here for trouble-shooting.

Might be some help?

http://www.ufti.com/faq5.htm

Gord Dibben Excel MVP

On Wed, 8 Dec 2004 13:01:06 -0800, jolivanes
wrote:

I have tried for two days to register grid32.ocx with Regsvr32 but to no
avail. Every time when I want to put the grid control on a userform, it comes
up with: "The control could not be created because it is not properly
licensed". I have also tried to register it through the control toolbar/more
controls/register custom control but also to no avail. I run WinXP Pro and
Office Small Business Edition 2003.
Any help is greatly appreciated