I created a new C++/CLI project in Visual Studio 2012, with .NET 2.0 selected as the framework on the project creation page. I have verified the \"External Dependencies\" (m
It appears that creating a .NET 2.0 CLR project is not supported. Here's the link on Microsoft Connect:
https://connect.microsoft.com/VisualStudio/feedback/details/780602/compiling-c-clr-dll-in-vs-2012-targeting-net-2-0-introduces-indirect-dependency-on-net-4-0#tabs