Worst films awards are given by Razzies in the west.
check the link below.

Razzies.com

Bollywood stars better watch out. Movie fans in India are handing out their own versions of Razzies,the annual Oscars spoof that spotlights Hollywood's worst performances.
The second Ganta(Bell) Awards and fourth Golden Kela(Golden Banana) awards are doing rounds of social media networkks with fans voting in various categories for the worst films in 2011-Reuters
The Ghanta Awards
Golden Kela Awards