Naidu said he has already started consulting with former I&B ministers and will also meet people from the film industry before taking the final decision.
"We want to revamp the CBFC based on the Shyam Benegal and Mudgal Committee recommendations. We have already started the consultation process. I am trying to understand the different elements of the recommendations.
"I will also be meeting people from the film industry and media before taking the final call. We want to revisit the system of CBFC and make improvement according to the reports given," Naidu said at the launch of online film certification system.
The Benegal committee had submitted recommendations to the I&B ministry last year in June.
Other members of the committee include actor Kamal Haasan, filmmaker Rakeysh Omprakash Mehra, ad-man Piyush Pandey, film critic Bhawana Somaaya and NFDC Managing Director Nina Lath Gupta.