The meeting, which assumed great importance for India's sporting future, has worked out the exact details and the timeframe to get the ban lifted ever since it was imposed on December 4 last for India's failure to adhere to the Olympic Charter.
Sports Minister Jitendra Singh, who headed a delegation of the Sports Ministry, said that the ban on India will be lifted after going through a process.
"Age and tenure restriction rules have been agreed to. We discussed the ethics issues also and there had been agreement on those also," he added.
The IOC also issued a statement elaborating on the salient points covered during the meeting, which it described as fruitful.
"The main purpose of today's meetings was to explore the possibility for the suspended IOA to hold free, fair, democratic and transparent elections on the basis of a revised IOA constitution and the Olympic Charter, with no outside interference, that could pave the way for the IOC to consider lifting its suspension of the IOA," it said in the statement.