The ICFAI University, Meghalaya has been established under Section 4 (2) of the Institute of Chartered Financial Analysts of India University, Meghalaya Act 2005 (Act No.12 of 2005) passed by Legislative Assembly of Meghalaya. The University has been notified under Notification No.EDN.261/2004/124 Dated, 22-02-2006. The University is empowered by UGC to award degrees under Section 22 of UGC Act 1956.
The University is a member of the Federation of Universities, India.
The University believes in creating and disseminating knowledge and skills in core and frontier areas through innovative educational programs, research, consulting and publishing, and developing a new cadre of citizens with a high level of competence and deep sense of ethics and commitment to the code of professional conduct.