Some Important Tricky Issues

Well, the total thing is going very long, lets do it in short. Open registry and navigate to "HKEY_CURRENT_USER/Software/Microsoft/CurrentVersion/Policies\explorer". Under this create a DWORD-Value and name it from the list below to impose restriction. The value of which will be 1 to restrict and 0 to remove restriction. Lets look at the following list:

NoDeletePrinter: Disables Deletion of already installed Printers

NoAddPrinter: Disables Addition of new Printers

NoRun : Disables or hides the Run Command

NoSetFolders: Removes Folders from the Settings option on Start Menu (Control Panel, Printers, Taskbar)

NoSetTaskbar: Removes Taskbar system folder from the Settings option on Start Menu

NoFind: Removes the Find Tool (Start >Find)

NoDrives: Hides and does not display any Drives in My Computer

NoNetHood: Hides or removes the Network Neighborhood icon from the desktop

NoDesktop: Hides all items including, file, folders and system folders from the Desktop

NoClose: Disables Shutdown and prevents the user from normally shutting down Windows.

NoSaveSettings: Means to say, 'Don't save settings on exit'

DisableRegistryTools: Disable Registry Editing Tools (If you disable this option, the Windows Registry Editor(regedit.exe) too will not work.). So be very careful.

NoRecentDocsHistory: Removes Recent Document system folder from the Start Menu (IE 4 and above)

NoFileMenu _ Hides the Files Menu in Explorer

NoActiveDesktop - No Active Desktop

NoActiveDesktopChanges- No changes allowed

NoInternetIcon - No Internet Explorer Icon on the Desktop

NoFavoritesMenu - Hides the Favorites menu

NoChangeStartMenu _ Disables changes to the Start Menu

NoFolderOptions _ Hides the Folder Options in the Explorer

NoLogoff - Hides the Log Off .... in the Start Menu

NoViewOnDrive Restrict a drive to open

NoTrayContextMenu - No context menu in tray.

NoStartMenuSubFolders
NoWindowsUpdate
NoViewContextMenu
EnforceShellExtensionSecurity
LinkResolveIgnoreLinkInfo
NoDriveTypeAutoRun
NoStartBanner
NoSetActiveDesktop
NoNetConnectDisconnect

ClearRecentDocsOnExit: Clears the Recent Documents system folder on Exit.

RestrictRun - Disables all exe programs except those listed in the RestrictRun subkey

Under the same key "HKEY_CURRENT_USER/Software/Microsoft/CurrentVersion/Policies" you can create new subkeys other than the already existing Explorer key. Now create a new key and name it System. Under this new key, system we can create the following new DWORD values(1 for enabling the particular option and 0 for disabling the particular
option):
NODispCPL: Hides Control Panel
NoDispBackgroundPage: Hides Background page.
NoDispScrsavPage: Hides Screen Saver Page
NoDispAppearancePage: Hides Appearance Page
NoDispSettingsPage: Hides Settings Page
NoSecCPL: Disables Password Control Panel
NoPwdPage: Hides Password Change Page
NoAdminPaqe: Hides Remote Administration Page
NoProfilePage: Hides User Profiles Page
NoDevMgrPage: Hides Device Manager Page
NoConfigPage: Hides Hardware Profiles Page
NoFileSysPage: Hides File System Button
NoVirtMemPage: Hides Virtual Memory Button
Similarly, if we create a new subkey named WinOldApp, we can add the following
DWORD values under it(1 for enabling the particular option and 0 for disabling the
particular option):
Disabled: Disable MS-DOS Prompt
NoRealMode: Disable Single-Mode MS-DOS.

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[Source: Hidden Tricks of Windows - Posted by Kishore Vengala]