In fact, he is still remembered for his role as Circuit in the "Munnabhai" series and his next "Jolly LLB" is a fun film too - and a clean one.
"I don't like sex comedies or over the top comedies. I like intelligent and smart humour," Arshad told IANS in a group interview.
"It is very easy to write sex comedies, it's crap. Even over the top banana peal comedy, it's typical...I don't like it," said the actor who made it big with "Tere Mere Sapne". The 1996 release saw him in a funny, yet decent role.
"I prefer to do cleaner films. I was offered all these 'Kyaa Kool Hai Hum' and all, but I refused...it's great that it works, happy that people made money. But I don't want my kid to think, 'What is my dad doing?'"
Giving reference to classic comedies like "Angoor" and "Chashme Buddoor", the actor said such films require skill to write.
"What's difficult to write is an 'Angoor', or a 'Chashme Buddoor'. You are not using anything else to make it funny...you have to rely on your intelligence," said the actor who tried serious genre with critically acclaimed films "Seher" and "Kabul Express".
But Arshad admits that often actors are forced to do something even when you don't approve of it because it works.
"Actors are the most insecure fragile people and everyone is hungry for a hit," said Arshad, who has his own sets of regrets but doesn't want to talk about them.
"I do have many regrets. I don't want to talk about them. All of us have regrets. We have all done things which we wished we hadn't. It's just that if I was in a position to make choices, I would never do those things. So now I say no most of the times," he said.
His next, Subhash Kapoor-directed "Jolly LLB", is a social satire on the legal system of the country and he plays a small-town struggling lawyer.
The 44-year-old considers himself lucky to be part of a clean film like that.
Boman Irani and Amrita Rao are there in the film too and Arshad is confident that families can watch the film without getting embarrassed.
"The movie has clean comedy, not one double-meaning line is there. It is humorous and you will not be embarrassed to watch it with your parents or anyone," he said.
"I am happy doing less work than thinking every day on the set about what am I doing? I'd rather not do that.
"When I do a film, I enjoy myself. 'Jolly LLB' will do well. When your intentions are right, the result will be right. And Jolly has that," he added.