Virat will now be seen in action during the ICC T20 World Cup, starting in West Indies and USA from June 1 onwards.
It added that Kohli committed a level one offence under Article 2.8 of the IPL's Code of Conduct. The statement further added that the 35-year-old admitted to the offence.
Kohli reached to the milestone in the seventh over of the game, swiping a full ball from Ravindra Jadeja behind square on the leg side for a single.