Federation for Archaeological Research & Studies is to maintain of ancient monuments and archaeological sites and remains of national importance in coordination with ASI. And promote all archaeological activities in the country as per the provisions of the Ancient Monuments and Archaeological Sites and Remains Act, 1958. It also regulates Antiquities and Art Treasure Act, 1972.

To build large work force of trained archaeologists, conservators, epigraphist, architects and scientists for conducting archaeological research projects through its Circles, Museums, Excavation Branches, Prehistory Branch, Epigraphy Branches, Science Branch, Horticulture Branch, Building Survey Project, Temple Survey Projects and Underwater Archaeological Wing.

To facilitate buying, selling, auction & trade of Old Stamps, Old Coins, Old Bank Notes, Antiques, painting, Objects of Metal & Wood, Handicraft, Time Pieses, Watches, Old Jewellery, Gems and precious stones, apparels for Men, Women and Kids, Footwear, Designer Glasses and Lenses, Cosmetic and Accessories, Watches, Bags, Spices, Herbs, Dry Fruits, Cereals, Pulses, Grains and other eatable products, Indian Dried Snacks, Packed Sweets, Coffee, Tea & Confectionaries, Home Décor, Modular Kitchen & Accessories and to promote all kinds of arts, incidental or ancillary business to attainment of the main business or any other business in any manner as may be decided by the governing council.