Error while Embedding Excel sheet into VB.Net Form using Microsoft office spread sheet

I am using Visual studio 2012 & creating a VB.Net Windows Forms Application whereas i am trying to embed an excel sheet data into the form.

I have installed, Office web components 11. while dragging and dropping the Microsoft office spread sheet Item it says following error

Failed to import ActiveX control. Please ensure it is properly registered. PFB snapshot.

*Build console:)*

------ Build started: Project: WindowsApplication7, Configuration: Debug Any CPU ------
  COM Reference 'OWC11' is the interop assembly for ActiveX control 'AxOWC11' but was marked to be linked by the compiler with the /link flag. This COM reference will be treated as a reference and will not be linked.
C:\WINDOWS\Microsoft.NET\Framework\v4.0.30319\Microsoft.Common.targets(2015,5): warning MSB3284: Cannot get the file path for type library "7c0ffab0-cd84-11d0-949a-00a0c91110ed" version 1.0. Library not registered. (Exception from HRESULT: 0x8002801D (TYPE_E_LIBNOTREGISTERED))
C:\WINDOWS\Microsoft.NET\Framework\v4.0.30319\Microsoft.Common.targets(2015,5): error MSB3303: Could not resolve COM reference "0002e558-0000-0000-c000-000000000046" version 1.0. Object reference not set to an instance of an object.
C:\WINDOWS\Microsoft.NET\Framework\v4.0.30319\Microsoft.Common.targets(2015,5): warning MSB3284: Cannot get the file path for type library "7c0ffab0-cd84-11d0-949a-00a0c91110ed" version 1.0. Library not registered. (Exception from HRESULT: 0x8002801D (TYPE_E_LIBNOTREGISTERED))
C:\WINDOWS\Microsoft.NET\Framework\v4.0.30319\Microsoft.Common.targets(2015,5): error MSB3303: Could not resolve COM reference "0002e558-0000-0000-c000-000000000046" version 1.0. Object reference not set to an instance of an object.
========== Build: 0 succeeded, 1 failed, 0 up-to-date, 0 skipped ==========

Note: I am able to embed the excel sheet using VBA form in my system. I am using Microsoft 2010.