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 Association of Indian Universities (AIU), India.