The board had to change its stance after the Film Certification Appellate Tribunal (FCAT) ruled in the film's favour and directed the board to grant an 'A' certificate to the movie.
"It has been given censor certificate and hopefully we will be releasing it soon. Let's wait and see. We are happy," Ratna told PTI when asked about the CBFC's action.
FCAT recently directed that the film be granted certification after "voluntary and some additional cuts and deletions."
Beside this project, Ratna will be seen in Anees Bazmee's "Mubarakan", set to release in July this year.
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"It's an exciting role and I am having fun. It is a nice experience working with the uncle and the nephew (referring to Anil and Arjun Kapoor)," she said.
"There is another film that I am doing with a new director Anand Tiwari, it is called 'Love Per Square Foot'," she added.
The actress is all set to reprise her role as Maya Sarabhai in "Sarabhai vs Sarabhai Take 2".