Step 1: Understand the concept of removed mass.
The given system can be treated as a full disc of mass \(M\) and radius \(R\) from which a smaller disc is removed.
Radius of the hole is
\[
r=\frac{R}{3}
\]
Distance of the hole's centre from the main disc centre is
\[
d=\frac{R}{3}
\]
Step 2: Find the mass of the removed disc.
Since the surface mass density is uniform, mass is proportional to area.
Mass of removed disc is
\[
m=M\left(\frac{\pi r^2}{\pi R^2}\right)
\]
Substituting \(r=\dfrac{R}{3}\),
\[
m=M\left(\frac{(R/3)^2}{R^2}\right)
\]
\[
m=M\left(\frac{1}{9}\right)
\]
\[
m=\frac{M}{9}
\]
Step 3: Moment of inertia of the original full disc.
Moment of inertia of a full disc about an axis perpendicular to the disc through its centre is
\[
I_{\text{full}}=\frac12 MR^2
\]
Step 4: Calculate the moment of inertia of the removed disc about the same axis.
The removed disc has radius \(\dfrac{R}{3}\) and mass \(\dfrac{M}{9}\).
Its own moment of inertia about its centre is
\[
I_c=\frac12 \times \frac{M}{9}\times \left(\frac{R}{3}\right)^2
\]
\[
I_c=\frac12 \times \frac{M}{9}\times \frac{R^2}{9}
\]
\[
I_c=\frac{MR^2}{162}
\]
Now apply the parallel axis theorem.
Distance between the two centres is
\[
d=\frac{R}{3}
\]
Therefore,
\[
I_{\text{removed}}
=
I_c+md^2
\]
\[
=
\frac{MR^2}{162}
+
\frac{M}{9}\left(\frac{R}{3}\right)^2
\]
\[
=
\frac{MR^2}{162}
+
\frac{MR^2}{81}
\]
Taking LCM,
\[
=
\frac{MR^2}{162}
+
\frac{2MR^2}{162}
\]
\[
=
\frac{3MR^2}{162}
\]
\[
=
\frac{MR^2}{54}
\]
Step 5: Find the moment of inertia of the remaining system.
Subtract the removed portion from the original disc.
\[
I=
I_{\text{full}}-I_{\text{removed}}
\]
\[
=
\frac12 MR^2-\frac{MR^2}{54}
\]
Taking LCM \(54\),
\[
=
\frac{27MR^2-MR^2}{54}
\]
\[
=
\frac{26MR^2}{54}
\]
\[
=
\frac{13}{27}MR^2
\]
Step 6: Final conclusion.
Hence, the moment of inertia of the remaining disc is
\[
\boxed{\frac{13}{27}MR^2}
\]