"I am happy that suspension is over and now Indian teams and players will take part in the International events under the national flag," Malhotra said in a statement.
Malhotra said India has always supported the Olympic charter and "hopefully the Olympic movement will become stronger in the country".
Malhotra said with the lifting of the suspension, the IOA should now prepare the teams for the Commonwealth and Asian Games.
Malhotra appealed to all the National Sports Federations to give their unstinting support to the newly-elected IOA office-bearers.
"It is a time for all of us to put up a united show for the betterment of Indian sports. People of the country are looking up to the IOA with lot of expectations and we should not let them down," he said.