I realized that the problem was being caused by having a horizontal slider in my control bar. If I remove the slider from the control bar the container works as expected that means no scroll bars. To solve the problem with having a slider in the scroll bar just put it inside a Hbox / Vbox.(doesn't matter as slider is the only content I put in there) and then disable the horizontal and vertical scroll bar policy on the enclosing box.
Enclosing the slider in a box container magically solves the problem.
Yes I have resolved this problem. I have taken one MX component("Canvas") at outer of flex4 Application component and find out scroll bar enable at application label.
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