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In this case, I suggest to download and run the Intel® Processor Diagnostic Tool on the host machine, this to discard any CPU issues.
If the test passes, I would recommend contacting your system manufacturer as the message that you receive is related to firmware and per the description you provided, you don't get any error if you don't run any VM.
Please bear in mind that you may be running Windows 8.1* Pro edition.
Hope this information helps.
Thanks for your feedback, i managed to find a solution though.
Step1 Downloaded the latest Bios version and upgraded my Bios
Step2 Downloaded latest VM version and installed it
Now my issues is resolved.