The ICFAI University, Sikkim has been established under Section 4(2) of the Institute of Chartered Financial Analysts of India University, Sikkim Act 2004 (Act 9 of 2004) passed by Legislative Assembly of Sikkim. The University has been notified under Notification No. 9/LD/2004 Dated 15th October, 2004. The University is empowered to award degrees under Section 22 of UGC Act, 1956. The University is a member of the Association of Indian Universities, New Delhi.