Recently, lyricist-adman Prasoon Joshi replaced Pahlaj Nihalani as the chairperson of the CBFC.
The government also reconstituted the board, which also includes new members such as filmmaker Vivek Agnihotri, Narendra Kohli, Vani Tripathi Tikoo, Gautami Tadimalla, among others.
Asked about her decision to be a part of the CBFC, Vidya said, "I thought if I don't say yes to this, I'd lose the right to criticise any decision ever taken by the CBFC. I thought I was ready to take the responsibility."
The actor was speaking at the launch of a new channel, &Prive HD last evening.
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Actress Konkona Sensharma, filmmaker Vishal Bhardwaj and producer Manish Mundra were also present at the event.
Bhardwaj said Joshi is his good friend and hoped he continues to be "poetic" in his approach as the CBFC chief.
"It feels good that Vidya is there in the committee and a person who is a poet is heading the CBFC. I hope he remains poetic in his procedures also. I am hopeful. Prasoon is a friend, I really love his work," he said.
The "Begum Jaan" actor said she believes that there is a shift in films today, with more focus on chronicling "relevant stories".
"Slowly but surely, we are gearing up towards making and watching films that are relatable, where the hero is not out of the ordinary. He or she is an ordinary person who overcomes circumstances in his or her life and emerges to be extraordinary.
"That's the shift, which is why you see an actor like Akshay Kumar do a film like 'Toilet: Ek Prem Katha'. It's not about wanting to make films about social issues, but wanting to tell our stories, relevant to us, rooted in reality," she said.
"I don't want to comment about any particular film but if a film is good, it doesn't matter if there are big stars or not. A good film always manages to connect and do well," she said.
"I saw 'Shubh Mangal Saavdhan' and I enjoyed it thoroughly. Two years ago, you couldn't have imagined that there will be a film about erectile dysfunction so well made with a fairly popular actor," she said.