Borrowing limits for alternative investment funds tightened; temporary short-term funding allowed only under strict board conditions. Category I and Category II AIFs are barred from borrowing or using leverage for investments except for narrowly defined temporary funding and operational needs limited in duration, frequency and proportion of investable funds and subject to Board conditions; both categories may create encumbrance on investee equity in specified infrastructure sub-sectors only for the investee's borrowing and under Board-specified conditions. Large value funds for accredited investors may extend scheme tenure with two-thirds unitholder approval, subject to Board conditions.