Conversion of Occupancy of land granted under section 27.

1[29A. Conversion of Occupancy of land granted under section 27.- Notwithstanding anything contained in section 29, the Collector may convert lands granted under section 27 on Class-II occupancy into Class-I occupancy,-

1. (i) after lapse of ten years from the date of grant of such land; and
2. (ii) if there is no breach of any of the conditions for grant of such land; or if there is a breach of any of such conditions, then after regularization of such breach, on payment of such conversion premium and after following such procedure and subject to such other terms and conditions as may be prescribed.]