Check your registry record, in particular key {0EA692EE-BB50-4E3C-AEF0-356D91732725} in TypeLib section:
HKEY_CLASSES_ROOT\TypeLib\{0EA692EE-BB50-4E3C-AEF0-356D91732725}
This strange bevahior is probably caused by existence of invalid subkeys. This class key have to contain only a single subkey "1.1" and nothing else.
The correct registry record for this class should look as follows:
|- {0EA692EE-BB50-4E3C-AEF0-356D91732725}
| |- 1.1
| |-0
| | |- win32
| |- FLAGDS
| |- HELPDIR
The key "win32" have to point to OneNote executable, e.g. C:\PROGRA~1\MICROS~1\Office15\ONENOTE.EXE\3