The local farm is not accessible. Cmdlets with FeatureDependencyId are not registered

Issue

SharePoint Management shell was giving errors : The local farm is not accessible. Cmdlets with FeatureDependencyId are not registered

Cause

The below software were installed and this caused a compatibility issue with SharePoint.

Microsoft .NET Framework 4 Extended                   4.0.30319

Microsoft .NET Framework 4 Client Profile               4.0.30319

Resolution

Uninstalled the above software from the SharePoint servers.