President's rule in J&K shall extend beyond 3rd July for another six months as centre starts process of Consultation with State and other agencies.
The Government led by Narendra Modi shall take up the extension of Presidents rule before it will be sent to two houses for approval. There shall be a constitutional amendment for the extension of Presidents Rule in J&K.
The President rule has been imposed in J&K for the first time after 1996. The Presidents Rule was mandated after the Governor's rule in J&K which could continue only for six months ended in December. 
The J&K doesn't have a elected government since last almost an year after the collapse of BJP-PDP government in June last year after BJP withdrew its support from the Government.