The Constitution of the Academy outlines the broad objectives of the Academy as follows:
The Constitution also declares that any person interested in mathematics and in the fulfillment of the objectives of the Academy may become member of the Academy. Initially there were four types of membership - life membership, annual membership, student membership and institutional membership. But at the moment the Academy encourages only life membership, and one can become a life member by paying Rs.1000 (Rupees One thousand only). During these twenty years the Academy has become a very large family indeed, and the Academy has meanwhile established itself as an integral part of the academic sphere of the state offering valuable contributions for improvement of mathematics education in various directions.