to my surprise, i recently read an article on dnaindia that  Icfai  university is behind getting CFA out of country!

according to the article "The CFA filed a case against ICFAI in 1997. In August, 2006, the Delhi high court gave a decision asking ICFAI to drop CFA from its name by May, 2007. ICFAI stopped offering the CFA course a few years ago and replaced it with an MS-Finance degree.  In March, 2007, almost two months before the May, 2007, deadline, ICFAI filed a case in the Guwahati high court, claiming that the CFA institute was running an unapproved technical programme. On directions from the court, the All India Council for Technical Education (AICTE) asked the CFA institute to cease operation in India with immediate effect. The premise was that any foreign university/institution imparting technical institution in India has to have clearance from AICTE."