Microsoft Interop COM object Error while hosting in IIS 6.0

I'am having the following error while hosting an Asp.Net web application in IIS 6.0

---------
Retrieving the COM class factory for component with CLSID {00024500-0000-0000-C000-000000000046} failed due to the following error: 80070002 The system cannot find the file specified. (Exception from HRESULT: 0x80070002).
---------

What I have tried:

I've tried all the solutions posted here and there through google but none of the advise actually worked for me. 
I'll be appreciated if any one can post a step by step solution for the issue.

Is this require a licensed version of Microsoft Office 2007?