Banerjee made the announcement taking note of repeated complaints of disturbance by students.
"I know it (meetings, slogans, processions) creates disturbances to the students of Calcutta University, Presidency College (now university). I agree with you. Your demand is genuine. You write a letter to the city police commissioner," she told research scholars of Calcutta University, who were invited to attend an administrative meeting at Tarakeswar in Hoogly district.
"Political parties should think about it. I too held meetings there. But Trinamool Congress will not hold any meeting there henceforth. Everybody should follow it," she said, adding a law would be formulated to this effect.
Just hours after Banerjee's announcement, Kolkata police officials said the restrictions to holding meetings and processions in and around College Square will be applicable from Monday and those who had earlier applied for programmes there will be allowed tomorrow and day after.
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No fresh applications from today would be entertained, they said.
"College Square has been a place for agitations and protests since the days of British rule in the early 19th century. Mamata Banerjee is simply trying to find an excuse to silence us. But such tactics won't bear any results," senior CPI(M) leader Sujan Chakraborty said.
State Congress president Adhir Chowdhury said, "The instruction is aother trick to stop opposition from holding protest marches."
State BJP president Dilip Ghosh questioned what Banerjee was doing during the years when her own party staged protest rallies against the central government.
College Square, located along the College Street, is part of Kolkata's heritage and is near various reputable and oldest educational institutions of the country such as Calcutta University, Presidency University, Sanskrit College, Hindu and Hare Schools, besides the Calcutta Medical College.
Apart from political parties, different associations, NGOs, pressure groups also use College Square as a spot for protest.
In the late 1960s and early 1970s, College Street and College Square were synonymous with the Naxalite movement as several students of Presidency College and Calcutta University joined the armed struggle.