(1) Immediately after the vesting of the lands in the Government of Goa under section 3, -4- the following lands shall be deemed to have been re-granted to the proprietor or title-holder or grantee from whom they had vested in the Government of Goa and the proprietor, titleholder or grantee shall hold them from the Government of Goa as an occupant class-II under the Code, on payment to the Government land revenue as provided in section 6, namely:—
(a) Homesteads, buildings and structure together with lands appurtenant thereto in the occupation of the proprietor or titleholder or grantee, but excluding those which are in the possession of a cultivating tenant or mundkar, as the case may be;
(b) lands under the personal cultivation of the proprietor or title-holder or grantee, not being pasture or grass lands.
(2) whosoever in contravention of the provisions of section 3 and sub-section (1) refers to himself for the said title or as a proprietor of the land or as a grantee of the land and continues to so hold out shall be punished with imprisonment for a term which may extend to three months and liable for fine of Rs. 1,00,000/- (Rupees One lakh).