The ICFAI University, Nagaland has been established under the Institute of Chartered Financial Analysts of India University, Nagaland Act 2006 passed by Legislative Assembly of Nagaland. The University has been notified under Notification No. HE/9-2/2004 (vol.1) Dated, 19-06-2008 .The University is empowered by UGC for award of degrees under Section 22 of UGC Act 1956.

The ICFAI University, Nagaland is included in the list of Universities maintained by the University Grants Commission (UGC) under Section 2(f) of the 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.