The ICFAI University, Mizoram has been established under Section 4(2) of the Institute of Chartered Financial Analysts of India University, Mizoram Act 2006 passed by Legislative Assembly of Mizoram. The University has been notified under Notification No. B.12012/2/2006-EDC, Dated 19-10-2006. The University empowered by UGC to award degrees under Section 22 of UGC Act, 1956.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. The University is administered as per the Act, Statutes and Rules. The Board of Governors is headed by the Chancellor and has the Vice-Chancellor and others as members. The Board of Management is headed by the Vice-Chancellor. The Academic Council is responsible for all academic matters.