Yes, models can go to awards shows. They are often guests of celebrities or sports stars.
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The best actor national film awards was given to Salman Khan. He is a very famous and renowned actor. He won this prestigious award in 2010.
Fashion designers can make their own fashion shows, or they can pay a company to assign a slot for them...but they aren't in fashion shows themselves. They hire models to show off their designs.
When barney got fired, the shows where still going because those where the old shows that they showed years/months/weeks ago. But this depends on what the date it right know, maybe they will hire a new one.