ccmsrv create command reports error - oninit: Fatal error in initializing ASF with 'ASF_INIT_DATA' flags; asfcode = '-406'.

In Linux distribution, when creating a informix server, sometimes you might get an error saying...
oninit: Fatal error in initializing ASF with 'ASF_INIT_DATA' flags; asfcode = '-406'.

Commad:
ccmsrv create

Error:
WARNING: server initialization failed, or possibly timed out (if -w was used).
Check the message log, online.log, for errors.

WARNING: unable to initialize the database server
         see /synergy/cm721/ccm/informix/log/cm721.log for details
oninit: Fatal error in initializing ASF with 'ASF_INIT_DATA' flags; asfcode = '-406'.

In $CCM_HOME/informix/log/<server>.log

16:39:11  IBM Informix Dynamic Server Started.
16:39:12  Could not disable priority aging: errno = 13

Thu Jun 24 16:39:12 2014

16:39:12  Error: Unable to reset open files limit, must run as super-user
16:39:12  Event alarms enabled.  ALARMPROG = '/synergy/cm721/ccm/informix/etc/alarmprogram.sh'
16:39:12  (0) error in creating /INFORMIXTMP

Workaround
Login as root and create a directory /INFORMIXTMP under the root directory. Change the permissions as follows:

root# mkdir /INFORMIXTMP
root# chown informix:informix /INFORMIXTMP
root# chmod 1775 /INFORMIXTMP

Execute 'ccmsrv create' again.