Error "Module XYZ.dll failed to load" when using Regsvr32 to register a DLL on Windows 7

Error "Module XYZ.dll failed to load" when using Regsvr32 to register a DLL on Windows 7 When I try to register a DLL file on Windows 7 (32-bit) using Regsvr32, it gives the following error:
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Guest [Entry]

"You will be missing a dll on which the one you're trying to register is dependent.

You can use Dependency Walker to check this."