Found a solution for my system:
1) Check your AMD folder on C:\AMD, delete older version or any other version than the one you installed last.
2) On starting the Radeon Software, to get rid of the stuck transparent window, open Task Manager, End Process on "cncmd.exe".
3) Right click tray icon and software should now open.
Also suggesting for better functionality of the software (response time) to shut down all Performance Metrics, Monitoring Links, Trackers, Recorders.