Preamble

The Institute of Chartered Financial Analyst of India University Act, 2006 (Act No. 2 of 2006)

Received the assent of the Governor of Nagaland on 30108l2006 and

published in the Nagaland Gazette Extraordinary dated: 19" of September, 2006. To establish and incorporate a Private University in the State with emphasis

Technology, Law Education, Medical Science and related areas sponsored by the Institute of Chartered Financial Analysts of India (ICFAI), Hyderabad, Andhar Pradesh and to provide for matters connected therewith or incidental thereto.

Whereas the Government of Nagaland had signed

a Memorandum of

Understanding with the Institute of Chartered Financial Analysts of India,

Hyderabad on the 25"August 2005, for allowing the said Institute to establish a Private University in the State ofNagaland to offer professional and other courses of study in accounting, law etc. to the student community in the State and outside Nagaland; and Whereas the establishment of a Private University can be done only through anAct of the State Legislative Assembly as per provisions in the University Grants Commission (Establishment and Maintenance of Standards in Private University) Regulations, 2003. But it enacted by the Nagaland Legislative Assembly in the fifty-seventh year of the Republic of India as follows: