(1) The objectives of the University shall be--
         (a) to impart education and to enable research towards capacity building of the Member States in the domain of ancient science (in particular, practised in the Nalanda several centuries ago), philosophy, language, history and other areas of higher learning vital for improving the quality of life;
         (b) to contribute to the promotion of regional peace and vision by bringing together the future leaders of the East Asia, who by relating to their past history can enhance their understanding of each others' perspectives and to share that understanding globally;
         (c) to harmonise the academic standards and accreditation norms in teaching, research and curriculum that are acceptable to all Member States;
         (d) to create a unique partnership between the scholars and interested persons from the Member States;
         (e) to understand Buddha's teachings in the contemporary context without excluding any other thoughts and practices from any other parts of the world;
         (f) to enhance research for greater interaction between Asian countries, particularly between East Asia, bound by strong historical commonalities in areas like trade, science, mathematics, astronomy, religion, philosophy and cross-cultural current;
         (g) to foster in the students and scholars the spirit of accommodation, understanding and thus to train them to become exemplary citizens of democratic societies;
         (h) to contribute to the improvement of the educational system of the Member States in view of the teaching in Nalanda several centuries ago;
         (i) to provide education and training in various arts, crafts and skills of the Member States, raising their quality and improving their availability to the people.
     (2) The University shall be non-profit public-private partnership, which shall seek support from each of the Member States and from other sources but shall be autonomous and accountable to the Governing Board.