Is there any specific time in which we should perform replacement (قضاء) Salah? and Is there any restriction on particular time on which we should not perform Salah?
There is no restriction on time for Qada' (قضاء) prayer. When you remember that you have not made a salat yet, then you must try to make it right away.
Qatada narrated on the authority of Anas b. Malik that the Apostle of Allah (may peace be upon him) said: He who forgets the prayer, or he slept (and it was omitted), its expiation is (only) that he should observe it when he remembers it.
وَحَدَّثَنَا مُحَمَّدُ بْنُ الْمُثَنَّى، حَدَّثَنَا عَبْدُ الأَعْلَى، حَدَّثَنَا سَعِيدٌ، عَنْ قَتَادَةَ، عَنْ أَنَسِ بْنِ مَالِكٍ، قَالَ قَالَ نَبِيُّ اللَّهِ صلى الله عليه وسلم " مَنْ نَسِيَ صَلاَةً أَوْ نَامَ عَنْهَا فَكَفَّارَتُهَا أَنْ يُصَلِّيَهَا إِذَا ذَكَرَهَا "
Salat should not be made in five particular times:
After Fajr salat until the sun is about a spears length in the eyes sight, meaning about a third of an hour.
The time in which the sun is rising until it is about a spears length, meaning about a third of an hour after the rising of the sun.
When the sun is exactly in the middle of the sky, meaning 3 or 4 minutes before Zuhr.
When the sun becomes yellow until it's setting.
After Asr until the sun has set.
Source: Al Fiqh Al Maliki Al Muyassar By Dr. Wahbat Azzuhayli